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58. The transition of the former communist countries to market economies requires: a. Implementation of governmental price controls b. Privatization of public property c. Transforming competitive industries into monopolies d. The sale of private industries to the government 10
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Chapter 9: Regional Trading Arrangements 59. The transition of the former communist countries to market economies would likely result in: 60. In the former Soviet Union, major manufacturing firms were typically: 61. The transition of the former communist countries to market economies requires all of the following except: 62. The former communist countries included all of the following except: a. East Germany b. Soviet Union c. Austria d. Poland 63. The regional trade block of the former communist countries, which lasted from 1949–1991, was known as the: 64. The economic reforms of the early 1990s that occurred in the former Soviet Union and Eastern Europe resulted in: 65. The transition from government-controlled prices to market-determined prices in the former communist countries would be expected to result in: 11