The Rise of Shenzhen to Become One of the World's

question 35

Multiple Choice

The rise of Shenzhen to become one of the world's most important industrial centers is evidence of:

• A)The superiority of the Chinese economic model over western market
• B)The transformative potential of internationalization
• C)The spillover benefits from being close to a dynamic business hub such as Hong Kong.

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Definitions:

Unionized Firm

A company where the workforce is represented by a union in negotiations regarding employment terms.

Supply Of Labor

The total hours that workers wish to work at a given wage rate, representing the workforce available for employment.

Unionized

A condition where employees are organized into unions to collectively bargain with employers over wages, benefits, and working conditions.