Economics · Economic Reforms
Which of the following policy measures is a direct step towards economic liberalization?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Enhancing import tariffs
- 2Eliminating industrial licensing and import licensing for a majority of goods✓
- 3Imposing strict limits on capital accumulation
- 4Increasing requirements for bank reserves and interest rate controls
Correct answer
Eliminating industrial licensing and import licensing for a majority of goods
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