What Are the Sources of China's Phenomenal Output Growth Rates

question 29

Multiple Choice

What are the sources of China's phenomenal output growth rates?

• A) Very high accumulation of capital.
• B) Very fast technological progress.
• C) Very hard working people.
• D) Both A and B.
• E) Both B and C.

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Definitions:

Political Freedom

The degree to which individuals are able to participate in the political life of their society without repression.

Evade Taxation

The illegal practice of avoiding the payment of taxes owed by using deceitful or unlawful means.

Competitive Pressures

Forces or factors in the external environment that compel organizations to adapt, innovate, and continually improve to maintain or enhance their market position.

Operations Expenses

Operations expenses refer to the costs associated with the day-to-day activities of maintaining a business, including manufacturing, marketing, and administrative expenses.