Among the Greatest Failures of the Process of Collectivization in China

question 109

Multiple Choice

Among the greatest failures of the process of collectivization in China was

• A)trying to convert desert and undesireable land into arable plots.
• B)reinforcing the traditional family unit as a newly-conceived economic unit instead.
• C)the starvation of up to 35 million people.
• D)brutal suppression of the private market as sabotage of the revolution.
• E)the ability to transition to a free market economy.

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Definitions:

Tax Rates

The fraction of earnings on which a person or corporate entity must pay taxes.

Tax Revenue

The funds that governments garner from taxing activities.

Deadweight Loss

An economic inefficiency that occurs when the market outcome does not maximize total benefits, often due to distortions such as taxes, subsidies, or monopolies.

Tax

A mandatory financial charge imposed by a governmental organization in order to fund various public expenditures.