Which statement accurately reflects the way that hungary’s economy changed following the breakup of the soviet union? a. the government retained control of most industries until they were modernized. b. the change to a market-based economy increased the standard of living in the country within five years. c. a government program encouraging privatization turn around the economy. d. overwhelmed by internal conflicts, inflation and unemployment have remained high.

The correct answer is - C. A government program encouraging privatization helped turn around the economy.

As most of the countries that were under socialistic rule for decades, Hungary too, once those types of governments were overthrown, started to take measures to have a more modern open economy. They tried to do that with the basic measure, turn most of the government owned/controlled industries/companies into privately owned businesses. This didn't turned around the economy over night, it took some time and adjustment, and there were multiple problems at the start, but over time it turned to be the right move.

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