1. Inequality in former CIS countries in the beginning of transition in 1993 - 1995 was highest in

A) Czech Republic.

B) Russia.

C) Poland.

D) Hungary.

E) Estonia.

2) In a partnership

A) there is more than one owner.

B) the owners are financially responsible for losses.

C) business decisions are made by a hired management team

D) decisions are made by stockholders.

E) both a and b are correct

Which of the following statements is not true about the non-monetary sector?

A) The non-monetary sector is greater in CIS states than transition states

B) Another term for a non-monetary sector is a "shadow" economy.

C) Although it is difficult to measure, the non-monetary sector is sometimes calculated in a country's GDP.

D) The non-monetary sector includes state and non-state activities.

E) The non-monetary sector often results from weak financial markets.

In the transition economies, the development of private economic activity has generally been most rapid in

A) the heavy industrial sector.

B) the small business sector.

C) the foreign sector.

D) none of the above.