Privatization Quiz

What is the term used to describe the process of selling public sector businesses to private sector businesses?

• Nationalization

• Privatization

• Globalization

• Industrialization

What is one potential negative effect of privatisation?

• Increased government spending

• Higher taxes

• Increased unemployment

• Decreased product quality

What is one reason why private sector businesses might be more efficient than public sector businesses?

• They have more employees

• They have less competition

• Their main objective is profit

• They are controlled by the government

By 2017, what percentage of the workforce in Bangladesh still worked in agriculture?

• 15%

• 29%

• 40%

• 56%

Which sector was not very important in Bangladesh in 1970?

• Primary

• Secondary

• Tertiary

• Manufacturing

What was the main reason for the small size of the tertiary sector in Bangladesh in 1970?

• High incomes

• Low incomes and little spare cash

• High population

• Advanced technology

Which sector's importance fell in relative terms by 2017 in Bangladesh?

• Primary

• Secondary

• Tertiary

• Manufacturing

What was the main economic activity in Bangladesh in 1970?

• Manufacturing

• Services

• Agriculture

• Mining

Define ‘primary sector’.

• The sector that involves the extraction of natural resources.

• The sector that involves manufacturing and construction.

• The sector that involves providing services.

• The sector that involves financial activities.

What is one of the benefits of specialisation?

• It reduces the need for trade

• It allows for the exchange of goods and services between economic units

• It increases the variety of goods produced by each economic unit

• It eliminates the need for workers