(Answered) Scenario learning the american waysergei chernovl is a

Management Studies

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

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