Economics (AS & A Level) · Oct / Nov 2022 · Paper 31 · Question 14
9708Government policies to achieve efficient resource allocation and correct market failure
What indicates that nationalisation has taken place?
- Aa firm buys supplies locally rather than from international sources
- Ba firm moves from private ownership to state ownership
- Ca firm restricts ownership of its shares to citizens of its own country
- Da firm switches sales to the domestic market from the international market
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Correct answer: B. a firm moves from private ownership to state ownership
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