If China Continues to Move Toward Greater Free Market Reforms

question 87

Multiple Choice

If China continues to move toward greater free market reforms it

• A) may move from industrial superpower to third-world status.
• B) will likely see a decrease in GDP per capita.
• C) may move from third-world to industrial superpower status.
• D) will likely give global market share to Western and Japanese enterprises.

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Definitions:

Equivalent

Identical in worth, quantity, role, significance, and so forth.

Term Deposits

Fixed amount of money held at a financial institution for a fixed term, earning a guaranteed interest rate.

Simple Interest

Simple interest is a method of calculating the interest charge on a loan based on the original principal amount and the interest rate, without compounding.

Equivalent

Equal in value, amount, function, meaning, etc., often used in mathematics and chemistry.