Answer: Privatization.
Explanation:
The giant telecommunication company has experienced privatization as it's ownership has switched from public to private. Privatization occurs when a government owned business establishment is traded to a private individual/organization, therefore the owners of the business are private individuals.
Answer:
A) give sellers the incentive to account for the external effects of their actions.
Explanation:
The effect of levying a tax that represents the cost of the externality could lead to one of two outcomes:
- Firms that are causing the externality add the cost of the externality in the final price of their products.
- Firms that are causing the externality attempt to reduce or eliminate the externality, so that prices remain the same, and competitiveness is not lost.
For example, the most common example of an externality is pollution, therefore, the industrial sector operates in a market characterized by negative externalities. If the government levied a tax on factories accounting for the pollution they produce, these factores either would increase prices, or try to reduce pollution.
Answer:
The increased government spending generates people to have an increase in funds available which will allow them to increase their consumption and liek that the demand increases.
Explanation:
If there is an increase in government spending, this will cause people to have more funds available, for example, it can cause the unemployed people to find jobs which will allow them to have more money to spend. Because of that, the demand for products and services will increase which can produce growth in the short term.
Answer:
b) false
Explanation:
Before a buyer select a supplier for particular goods or commodities, a process of selection and evaluation of suppliers must have been carried out. Some of the things or requirements a supplier must meet are:
1. Quality and reliability
2. Geographical location
3. Environmental regulation compliance
4. Financial capacity
5. Supplier selection scorecard.
Hence, in this case, the correct answer is FALSE.