All of the Following Have Resulted from the Economic Reforms

question 44

Multiple Choice

All of the following have resulted from the economic reforms carried out in China since the early 1980s EXCEPT

• A) a sharp increase in crime, prostitution, and drug use in the country.
• B) a reduction of income, regional, and gender inequalities.
• C) the creation of a floating population of labor mostly employed in low-paying temporary jobs and often living in slum-like urban villages.
• D) a general improvement in the standard of living for most people in China.
• E) serious negative environmental consequences.

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Definitions:

Price Ceiling

A maximum price set by the government for certain goods to ensure they remain affordable to the general public.

Shortage

A shortage occurs when the demand for a good or service exceeds its supply in a given market, often leading to price increases.

Price Ceiling

A government-imposed limit on how high a price is charged for a product, aimed at protecting consumers from certain market conditions.

Fried Twinkies

A popular fair food in which Twinkies are battered and deep-fried, often served with powdered sugar or sauce.