Practicing Success
The collapse of communism was followed in most of these countries by a painful process of transition from an authoritarian socialist system to a democratic capitalist system. The model of transition in Russia, Central Asia, and eastern Europe came to be known as ‘shock therapy'. Shock therapy varied in intensity and speed amongst the former second-world countries, but its direction and features were quite similar. Which of the following statements is correct? |
Only statement a is correct. Only statement b is correct. Both statements are correct. Neither of them is correct. |
Neither of them is correct. |
Correct Statement a- The value of the ruble, the Russian currency declined dramatically during the shock therapy. |