All of the Following Help to Explain the 2000-Year Durability

question 58

Multiple Choice

All of the following help to explain the 2000-year durability of the Chinese imperial system EXCEPT

• A) an effective national government.
• B) the influence of Confucianism.
• C) the structure of Chinese society.
• D) extensive trade with Europe.
• E) a merit-based bureaucracy.

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Definitions:

Directly to Consumer

A business strategy where products are sold directly from the manufacturer or producer to the consumer without intermediary retailers.

Double Marginalization

A phenomenon in vertical supply chains where each layer of production adds its own markup, leading to higher prices for end consumers.

Resulting Price

The price that emerges in the market as a consequence of supply and demand forces.

Arbitraging

The practice of buying and selling assets in different markets or forms to profit from price discrepancies.