Under the Leadership of Deng Xiaoping, China

question 32

Multiple Choice

Under the leadership of Deng Xiaoping, China

• A)experienced economic growth due to the freeing of industries from the state-run system.
• B)restricted foreign investment for the first time since 1949.
• C)endorsed the first Clean Air and Clean Water Act in the world.
• D)experienced a backward slide into doctrinaire communism.
• E)None of these are correct.

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Definitions:

U-shaped

A description often used in economics to describe the graphical representation of a situation where certain costs initially decrease, reach a minimum, and then start to increase as output expands.

TVC

Total Variable Cost; the entire cost associated with producing a given output level that varies with the quantity of output.

Increasing Rate

A situation where something grows or rises in value at a progressively higher pace over time.