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Please answer the following questions True or False. By 2000, Ukraine had a larger percentage of output produced in the private sector than did...
Please answer the following questions True or False.
- By 2000, Ukraine had a larger percentage of output produced in the private sector than did Hungary.
- Restructuring means the changing of decision-making arrangements in privatised enterprises and organizations.
- The absence of macroeconomic institutions and frameworks caused little, if any, difficulty for the transition economies.
- During the transition process, direct state control of the economy through an economic plan has to be replaced by a macroeconomic system of indirect influence.
- The policy environment of transition economies is much more simple than that of established capitalist market economies.
- Poorly developed or poorly functioning banking and financial system contributed to the collapse of investment in the early stages of economic transition in Russia and Eastern Europe.
- Typically, savings increased sharply in the early stages of transition.
- Macroeconomic balance requires that the sum of investment and private savings equals the sum of the government balance and the foreign balance.
- Macroeconomic balance requires that the sum of investment and private savings equals the sum of the government balance and the foreign balance.
- In all of the transition economics, the government balance increased between 1990 and 2002.
- The typical pattern of inflation in transition economics has been an increase in the early stages of transition, followed by a reduction in more recent years.
- In nearly all transition economics, there have been larger reductions in the Gini coefficient for income inequality.
- Been 1991 and 1996, ten transition countries became candidate members of the European Union, and all ten became members of the Two and GATT.
- While a convertible currency is a goal for all transition economics, it isn't necessary in order for a country to engage in free trade with the rest of the world.