Which of the Following Statements About China's Development Is Accurate

question 98

Multiple Choice

Which of the following statements about China's development is accurate?

• A) China will soon be the largest CO₂ emitter.
• B) Between 1990 and 2013, the Chinese poverty rate declined by almost 25 percent.
• C) If China implements free market reforms, its economy will grow at an even more rapid rate.
• D) China's economy has been growing at about a 10 percent annual rate since the 1970s.

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Definitions:

Capital

Financial assets or their financial value, as well as the tangible factors of production that are used in creating goods or services.

Maximize Profit

The process of increasing one's financial gain to the highest possible level given the constraints of the market.

Productivity

The efficiency with which input resources are converted into output, often measured as the ratio of output to input over a specific period.

Marginal Revenue Product Curve

A graphical representation showing how the additional revenue of a firm changes with the employment of an extra unit of input in the production process.