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Scenario-learning the american way

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Reference no: EM131226085

Scenario: Learning the American Way

Sergei Chernovl is a Russian exchange student. To learn more about how a market economy functions, Sergei is conducting research comparing businesses in Russia with businesses in the United States.

Sergei learns that an important aspect of market-based economies is the private ownership of companies. As Russia goes through the privatization process, it aims to ________.

  • increase tax revenues
  • improve military defense
  • increase social welfare
  • increase economic efficiency

Reference no: EM131226085

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