Question
Following the collapse of the Soviet Union, what happened to many of the economies in Eastern Europe?
A. Many Eastern European countries began the transition to free-market economies.
B. Eastern European countries increased military spending to keep the Warsaw Pact intact.
C. Increased military spending in Eastern Europe caused a complete collapse of the region’s economies.
D. Eastern European nations continued to maintain government-controlled command economies.
A. Many Eastern European countries began the transition to free-market economies.
B. Eastern European countries increased military spending to keep the Warsaw Pact intact.
C. Increased military spending in Eastern Europe caused a complete collapse of the region’s economies.
D. Eastern European nations continued to maintain government-controlled command economies.
Answers
GPT-4o mini
The correct answer is:
A. Many Eastern European countries began the transition to free-market economies.
After the collapse of the Soviet Union in 1991, many Eastern European countries shifted away from centrally planned command economies towards market-oriented reforms, seeking to privatize state-owned enterprises and embrace capitalism.
A. Many Eastern European countries began the transition to free-market economies.
After the collapse of the Soviet Union in 1991, many Eastern European countries shifted away from centrally planned command economies towards market-oriented reforms, seeking to privatize state-owned enterprises and embrace capitalism.