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:

Positive Reinforcement

A strategy in management and training where positive behavior is encouraged and rewarded, increasing the likelihood of its recurrence.

Behavior Modification

An effective way to improve human performance, established in the 1950s and used in a wide variety of business, government, and nonprofit organizations. Elements include goal setting, feedback on performance, and positive reinforcement.

Discipline

The practice of training oneself to obey rules or a code of behavior, using punishment to correct disobedience.

Discipline Problems

Issues related to maintaining order and adherence to rules within an organization, often requiring corrective action.