“Plagued by blackouts and high energy prices, South Africa’s energy sector is on the edge of being privatized by President Cyril Ramaphosa”. Question 12 Which of the following may be the primary reason for the privatization of South Africa’s energy sector? A. To increase government control and influence in the economy. B. To reduce private sector participation and competition. C. To enhance efficiency, reduce government intervention, and raise capital. D. To establish a government monopoly in the energy sector. Question 13 What school of economic thought does the decision to privatize the energy sector allude to? A. Keynesian economics B. Classical economics C. Behavioural economics D. Marxist economics
“Plagued by blackouts and high energy prices, South Africa’s energy sector is on the edge of being privatized by President Cyril Ramaphosa”. Question 12 Which of the following may be the primary reason for the privatization of South Africa’s energy sector? A. To increase government control and influence in the economy. B. To reduce private sector participation and competition. C. To enhance efficiency, reduce government intervention, and raise capital. D. To establish a government monopoly in the energy sector. Question 13 What school of economic thought does the decision to privatize the energy sector allude to? A. Keynesian economics B. Classical economics C. Behavioural economics D. Marxist economics
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter3: Demand Analysis
Section: Chapter Questions
Problem 2.3CE
Related questions
Question
“Plagued by blackouts and high energy prices, South Africa’s energy sector is on the edge of being privatized by
President Cyril Ramaphosa”.
Question 12
Which of the following may be the primary reason for the privatization of South Africa’s energy sector?
A. To increase government control and influence in the economy.
B. To reduce private sector participation and competition.
C. To enhance efficiency, reduce government intervention, and raise capital.
D. To establish a government monopoly in the energy sector.
Question 13
What school of economic thought does the decision to privatize the energy sector allude to?
A. Keynesian economics
B. Classical economics
C. Behavioural economics
D. Marxist economics
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