Question

Which of the following statements is not true of Hungary's economic reform measures?

A. In Hungary, state-owned hotels have been privatized

B. Western firms have been entering into joint ventures with local companies in Hungary, attracted by the low cost of highly skilled, professional labor

C. Hungary had a head start on the other former communist-bloc countries in terms of adopting economic reform measures

D. MNCs have been making direct investments in Hungary, as in the case of General Electric's purchase of Tungsram

Answer 1

All provided statements about Hungary's economic reform measures accurately describe the country's transition and efforts to modernize its economy following the end of Communist rule, indicating none of the statements is inherently untrue.

Step-by-step explanation:

The question asks which statement is not true regarding Hungary's economic reform measures. Considering the history and economic progression post-Communism, all the statements provided appear to be true in the context of Hungary's economic reforms. Specifically:

• State-owned hotels were privatized, reflecting Hungary's move from central planning to open markets.
• Western firms have entered into joint ventures with local companies, leveraging the highly skilled, yet low-cost labor available in Hungary.
• Hungary indeed had a head start on economic reforms compared to other former communist-bloc nations.
• MNCs (Multinational Corporations) like General Electric have made direct investments, including the noteworthy purchase of Tungsram.

Hungary's transformation involved joining various international organizations and adopting market-oriented economic reforms aimed at liberalization of its economy and closer ties with Western countries.