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The economy of China is in transition. What does this mean?
A. Individual firms are in the process of being sold to the state.
B. The government rarely interferes in the free market and is highly receptive to foreign investment.
C. The economy is moving from central planning toward a market-based system.
D. Investments are determined by state control instead of private decision.
The economy of China is in transition. What does this mean?
A. Individual firms are in the process of being sold to the state.
B. The government rarely interferes in the free market and is highly receptive to foreign investment.
C. The economy is moving from central planning toward a market-based system.
D. Investments are determined by state control instead of private decision.
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Alice SejakeLv10
19 Sep 2020
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Related questions
1. In recent years China market reforms have turned toward:
A. | more free trade, allowing foreign-owned enterprises to import, export, and establish production in China. | |
B. | establishing more urban collectives. | |
C. | transforming state-owned enterprises into shareholder-owned corporations. | |
D. | reestablishing central planning. |
2. In pure capitalism, the role of government is best described as:
A. | nonexistent | |
B. | limited | |
C. | significant | |
D. | extensive |
3. In pre-reform Russia and pre-reform China:
A. | both consumer and capital goods outputs were determined by central planning. | |
B. | both consumer and capital goods outputs were determined by the market. | |
C. | capital goods output was determined by planning, but consumer goods output was determined by the market. | |
D. | consumer goods output was determined by planning, but capital goods output was determined by the market. |
4. In college, you practically existed on Spam, but now that you have an $80,000 a year job, you never want to see Spam again. We can safely conclude that you consider Spam to be
A. | a normal good. | |
B. | a complementary good. | |
C. | an inferior good. | |
D. | a luxury good. |
5. In a free market, the price system determines how society's output will be distributed by:
A. | ensuring that low-income people can buy all of the necessities for living. | |
B. | providing goods for those willing and able to pay the equilibrium price. | |
C. | ensuring that each commodity is produced by the most efficient technique. | |
D. | allowing all those who desire a commodity to buy it. |