The Chinese Developed All of the Following Except

question 60

Multiple Choice

The Chinese developed all of the following except

• A)movable type.
• B)gunpowder.
• C)paper money.
• D)the compass.
• E)a complex political system.

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Definitions:

Dumping

The practice of selling a product in a foreign market at a price below its production cost or domestic price, often aimed at gaining market share or driving out competition.

Export Subsidy

A governmental policy of providing financial support to domestic producers or exporters to encourage exports, lower their prices in global markets, and enhance competitiveness.

Negative Tariff

Generally not a recognized economic term, suggesting a reverse scenario where a government pays subsidies on certain imports rather than applying charges. NO.

Tax

A compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund various public expenditures.