China's Relatively High Saving Rate Played a Role in Its

question 150

True/False

China's relatively high saving rate played a role in its faster economic growth in recent decades.

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Definitions:

Government Regulation

The act of controlling, directing, or managing activities, industries, or market practices through laws and rules set forth by government agencies.

Procedural Due Process

The legal requirement that state must respect all legal rights that are owed to a person, involving a fair and public hearing.

Untenured Assistant Professor

An academic faculty member at the beginning of their career path who has not yet achieved tenure, implying a lack of permanent job security.

Public University

An educational institution of higher learning that is primarily funded by the government and accessible to the public.