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JAMB Government 2006 Question 4

Question 4

Public Corporations

A major feature of the policy of deregulation in Nigeria is the

  1. A.proliferation of public corporations
  2. B.phenomenal increase in direct foreign investment
  3. C.enthronement of market forces mechanism
  4. D.increasing dominance of the economy by the state.
Show the answer and explanation

Answer: C (enthronement of market forces mechanism)

Explanation

Deregulation removes government controls so that prices and supply are decided by market forces (demand and supply).