multiple choice question when former communist countries moved toward a market - driven economy, they…

multiple choice question when former communist countries moved toward a market - driven economy, they engaged in fiscal policy. monetary policy. structural policy. discretionary policy.

multiple choice question when former communist countries moved toward a market - driven economy, they engaged in fiscal policy. monetary policy. structural policy. discretionary policy.

Answer

Brief Explanations:

When former communist countries transitioned to a market - driven economy, they needed to change the fundamental structure of their economies, such as property rights, market regulations, and enterprise ownership. Structural policies are aimed at altering the basic economic structure. Fiscal policy deals with government spending and taxation, monetary policy with money supply and interest rates, and discretionary policy is a general term for policy actions taken at the discretion of policymakers. But the key in the transition to a market - driven economy is structural change.

Answer:

C. structural policy