Why Has the Chinese Economy Experienced Higher Output Growth Compared

question 39

Multiple Choice

Why has the Chinese economy experienced higher output growth compared to those in Central Europe and former Soviet republics?

• A) Tight political control from one party rule allowed for quick economic transitions.
• B) Tight political control from one party rule allowed for widespread corruption.
• C) Tight political control from one party rule allowed for better property rights protection.
• D) Tight political control from one party rule allowed for market deregulation.
• E) Tight political control from one party rule allowed for the sale of farmland.

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Definitions:

Public Ownership

Ownership of assets or organizations by the government or other public bodies rather than private individuals or companies.

Agriculture

The science, art, and practice of cultivating plants and livestock.

Imports

Foreign goods and services purchased by domestic customers.

Domestic Consumers

Individuals or households within a country that purchase goods and services for personal use as opposed to international or business consumers.