APFIVE Consequences of Economic Liberalization
Which of the following statements about the advantages and disadvantages of economic liberalization is NOT true?
A
Economic liberalization ensures that every segment of society benefits equally from market reforms.
B
A disadvantage of economic liberalization can be increased income inequality and potential job losses in certain sectors.
C
Deregulation under economic liberalization can promote innovation and competitive markets.
D
One advantage of economic liberalization is increased foreign investment which can spur economic growth.
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