How Are the Fundamental Economic Decisions Determined in China

question 122

Multiple Choice

How are the fundamental economic decisions determined in China?

• A) Individuals, firms, and the government interact in a market to make these economic decisions.
• B) These decisions are made by the country's elders who have had much experience in answering these questions.
• C) The government decides because China is a centrally planned economy.
• D) The United Nations decides because China is a developing economy.

---

Definitions:

Annotate

To underline or highlight key points of a document or to write reminders, make comments, and suggest actions in the margins.

Written Communication

A method of conveying messages or ideas through written symbols, such as letters or emails.

Mechanical Errors

Faults or failures that occur in machinery or equipment due to physical or mechanical malfunctions.

Open Style

A communication or organizational approach characterized by transparency, accessibility, and inclusiveness, often promoting collaboration and free sharing of information.