Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Plagued by blackouts and high energy prices, South Africa's energy sector is on the edge of being privatised by President Cyril Ramaphosa. Question 12 (4

Plagued by blackouts and high energy prices, South Africa's energy sector is on the edge of being privatised by President Cyril Ramaphosa". Question 12 (4 Marks) Which of the following may be the primary reason for the privatization of South Africa's energy sector? A. To increase government control and influence in the economy. B. To reduce private sector participation and competition. C. To enhance efficiency, reduce government intervention, and raise capital. D. To establish a government monopoly in the energy sector. Question 13 (4 Marks) What school of economic thought does the decision to privatize the energy sector allude to? A. Keynesian economics B. Classical economics C. Behavioural economics D. Marxist economics

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Microeconomics Principles, Problems, And Policies

Authors: Campbell McConnell

21st Edition

1259915727, 9781259915727

More Books

Students also viewed these Economics questions

Question

1. To generate a discussion on the concept of roles

Answered: 1 week ago