The Idealistic Goal of Mao's Great Leap Forward Was Based

question 118

Multiple Choice

The idealistic goal of Mao's Great Leap Forward was based on

• A)increasing steel production with government subsidies for building modern steel mills.
• B)mechanizing farms by subsidizing farm machinery for peasant farms.
• C)the notion that agricultural collectives could serve as a model for industrial development.
• D)expanding property rights for the small farmer and shop owner.
• E)making China a self-sufficient food producer without ties to global economics.

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Definitions:

Revaluation Approach

A method of accounting that involves periodic updating of the carrying value of an asset or liability to its current market value.

Net Assets

The total assets of a company minus its total liabilities, representing the owners' equity.

Indirect Ownership Interests

Refers to ownership in an entity through intermediary entities rather than direct control or ownership of the underlying assets.

Direct Ownership Interests

Ownership interest in an asset or entity without intermediaries, implying direct control or influence over the asset or entity.