Identify the Statement False of China's Economic Condition

question 21

Multiple Choice

Identify the statement false of China's economic condition.

• A)China's GDP has remained strong, maintaining at 11.5 percent growth in 2009
• B)In the first quarter of 2010, China's GDP grew at a blistering 11.7 percent causing some concerns that the Chinese government has been unable to tap the breaks on this rapid growth
• C)Trade relations between China and developed countries and regions, such as the United States and the EU, are lax
• D)Massive savings glut in the corporate sector, the globalization of manufacturing networks are major challenges faced by China

---

Definitions:

Operate

To control the functioning of a machine or process, or to run and manage a business or organization.

Market Price

The current price at which an asset or service can be bought or sold in the market.

Profit Maximization

A fundamental goal of businesses, which involves adjusting inputs and outputs to achieve the highest possible profit.

Market Price

The price of a commodity when sold in a competitive marketplace, determined by the supply and demand for the commodity.