Question

After the collapse of the Soviet Union, which steps did Russia, the former Soviet Republics, and East European nations take to attract foreign investment? Select all that apply.(2 points)Responsesprivatized industriesprivatized industriesraised tariffs to protect manufacturersraised tariffs to protect manufacturersinstituted guaranteed employmentinstituted guaranteed employmentdiscontinued free university tuitiondiscontinued free university tuitionended fixed low prices for basic goods and servicesended fixed low prices for basic goods and servicesbanned independent labor unions

Answer 1

After the collapse of the Soviet Union, the steps taken by Russia, the former Soviet Republics, and East European nations to attract foreign investment included the following:

1. **Privatized industries** - Many state-owned enterprises were privatized to encourage investment and introduce market dynamics.
2. **Ended fixed low prices for basic goods and services** - By allowing prices to fluctuate based on market conditions, these nations aimed to create a more attractive environment for foreign investors.

The other options listed, such as raising tariffs, instituting guaranteed employment, discontinuing free university tuition, and banning independent labor unions, were generally not aimed at attracting foreign investment and may have had the opposite effect.