China's Transition to a Market Orientation Has Been Relatively Problem-Free

question 86

True/False

China's transition to a market orientation has been relatively problem-free

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Definitions:

Hedonic Treadmill

A theory suggesting that individuals tend to return to a relatively stable level of happiness despite major positive or negative events or life changes.

Negative Affect

A psychological state involving feelings of distress, discomfort, and unhappiness.

Positive Affect

A psychological state that involves feelings of enthusiasm, pleasure, and happiness.

Hedonic Treadmill

The observed tendency of humans to quickly return to a relatively stable level of happiness despite major positive or negative events or life changes.