Privatization refers to a range of policies including ?

I. changing part of a public enterpris’s ownership to the private sector
II. Liberalization of entry into activities previously restricted to the public sector
III. two infant industries merging into a monopoly
IV. franchising or contracting public services or leasing public assets to the Private sector

A. III only
B. IV only
C. I, II and IV only
D. None of these

Countries facing a persistent external deficit can ?

I. borrow overseas
II. increase trade restrictions and exchange controls
III. undertake expansionary monetary and fiscal policies
IV. Undertake expenditure-reducing policies

A. I and II only
B. III and IV only
C. I, II and III only
D. I, II and IV only

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