How Are the Fundamental Economic Decisions Determined in China

question 122

Multiple Choice

How are the fundamental economic decisions determined in China?

• A) Individuals, firms, and the government interact in a market to make these economic decisions.
• B) These decisions are made by the country's elders who have had much experience in answering these questions.
• C) The government decides because China is a centrally planned economy.
• D) The United Nations decides because China is a developing economy.

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Definitions:

Unique

Unique describes something or someone as being one of a kind and not like anything or anyone else, emphasizing singularity or distinctiveness.

Themes

Central topics or ideas that are recurrent or prevalent in a discourse, narrative, artwork, or other forms of expression.

Promoted

The advancement of an individual within or to a higher position in an organizational hierarchy, often accompanied by increased responsibilities and benefits.

Obstacles

External factors or conditions that hinder progress or make it difficult to achieve an objective or goal.