As Manufacturing and Commerce Began to Grow in Ming and Qing

question 8

Multiple Choice

As manufacturing and commerce began to grow in Ming and Qing China

• A) the elite retained a preference for agriculture.
• B) industrialization became the preferred area of activity for all Chinese.
• C) Europeans became the predominant force in all areas of Chinese production.
• D) government tax policies favored the industrial sector over the agricultural one.
• E) Chinese views about business were the same as those in Japan.

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Definitions:

Purchase Price

The amount of money paid to buy goods, services, or assets.

Forward Rate

The agreed-upon price for a financial transaction that will occur at a future date, commonly used in foreign exchange and fixed income markets.

Pure Yield Curve

The relationship between yield to maturity and time to maturity for zero-coupon bonds.

Zero-coupon Treasuries

U.S. Treasury securities that are sold at a discount from their face value and do not pay interest before maturity; investors receive the face value at maturity.