While China's Poverty Rate Decreased 84 Per Cent Since the 1980s

question 46

Multiple Choice

While China's poverty rate decreased 84 per cent since the 1980s, what has happened to the inequality rates?

• A) Relative inequality was regionally affected
• B) Absolute equality was addressed
• C) The Gini coefficient decreased
• D) The Gini coefficient decreased.
• E) There was no meaningful connection between poverty and inequality

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Definitions:

Long-Run Price Discrimination

A pricing strategy where a firm charges different prices for the same product or service in different markets or to different groups of consumers, based on long-term market conditions.

Price Elasticities

Measures that indicate how much the quantity demanded or supplied of a good responds to changes in its price.

Original Buyers

Individuals or entities that are the first to purchase a particular product or asset from its initial point of sale.

Nondiscriminating

Pertaining to market practices or policies that do not differentiate between customers on any basis, often used in the context of uniform pricing.