The Term Socialist Market Economy Refers to the

question 63

Multiple Choice

The term socialist market economy refers to the

• A) mixture of state control and capitalism that is being used to promote economic development in China.
• B) collectivization of the rural market economy during the Maoist era.
• C) development of a stock market in China since the 1980s.
• D) fact that free-market forces prevail in the industrial sectors of the Chinese economy while the agricultural sector is still operated collectively.
• E) gradual privatization of state-owned enterprises in China.