Which of the following statements about Brazil's semi public firms is INCORRECT?
a. At one time, the federal government of Brazil owned ten of the top 25 enterprises in the country.
b. Although telecommunications have recently been largely privatized, the petroleum industry generally has not.
c. The 1988 constitution protected the state's exclusive control over petroleum, telecommunications, and nuclear energy.
d. One state firm, the National Bank for Economic and Social Development, is actually larger than the World Bank.
e. State firms proliferated after 1940.
Question 2
The state and local governments' fiscal landscape
a. has remained unchanged since early in the twentieth century.
b. has changed profoundly in the last three decades.
c. continues to be dominated by federal government intergovernmental funding.
d. shows lots of surplus revenue because citizen demands for services lag behind available resources.
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