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:

Law Of Effect

A psychological principle suggesting that behaviors followed by positive outcomes are likely to be repeated, whereas those followed by negative outcomes are less likely to be repeated.

Reinforcement Theory

A concept in behavioral psychology based on the idea that behavior can be shaped by controlling the consequences to those behaviors, emphasizing the use of reinforcement and punishment.

Behavioural Consequences

The outcomes or results that follow an individual's actions or behaviors, which can influence future behavior.

Profit-sharing

A company policy of distributing a portion of its profits to its employees as a form of bonus or incentive.