Which of the following are examples of privatization? Correct Answer(s) Instead of recruiting and training more soldiers, the Department of Defense hires a military contractor to provide security services at a base in South Korea. Press Space to open Rather than allowing a U.S. oil company from being sold to a European competitor, the federal government takes over control of it. Press Space to open Suppose that the government transformed the federally run Social Security Administration into a range of individual savings accounts administered by banks and investment firms