Which of the Following Statements Related to Productivity Growth in China

question 100

Multiple Choice

Which of the following statements related to productivity growth in China is true?

• A)China has been more successful in developing new technologies than it has in adapting existing technologies developed in other countries.
• B)Much of China's growth is likely due to the transition from a centrally-planned economy to a market economy.
• C)Because of the high birth rate in China,the Chinese labor force will continue to increase.
• D)Manufacturing wages have remained stagnant in China due to the increasingly large supply of low-wage agricultural workers that have yet to move to manufacturing jobs in cities.

Discern the characteristics and examples of socialist systems and mixed economies.

Grasp the concepts of market failure, external costs, and the invisible hand.

Analyze the economic principles in communist theory and the critique of capitalism.

Understand the role of capital, ownership of resources, and their impact on economic systems.

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Definitions:

Rising Housing Costs

An increase in the price of purchasing or renting homes, often making housing unaffordable for many individuals and families.

Racial Inequality

The unequal treatment or disparities experienced by individuals or groups based on race, affecting opportunities, rights, and well-being.

Residential Segregation

Residential segregation refers to the physical separation of two or more groups into different neighborhoods, often based on race, ethnicity, or income.

Consequences

The outcomes or effects that result from a particular action or set of conditions.