Analysts That Favor a Fast Transition to Market Economies Argue

question 3

Multiple Choice

Analysts that favor a fast transition to market economies argue that China's success with a gradual transition is a special case because

• A)its trade flows were relatively large.
• B)so much of its labor force was in agriculture.
• C)heavy industry already had a strong foothold when the transition began.
• D)its coastal areas were already relatively well developed.
• E)its labor force was relatively well educated.

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Definitions:

Limit Negotiability

Refers to conditions or restrictions that impair the ability to freely transfer or negotiate a financial instrument.

Indorsement

A signature or note on a document (such as a cheque or bill of exchange) that specifies the future control or ownership of the document.

Payee's Name

The name of the individual or entity to whom payment is to be made on a check, draft, or other financial instrument.

Negotiation

The process by which parties discuss their differences, with the aim of reaching an agreement or improving understanding.