Which of the Following Is Not a Reason Why China

question 18

Multiple Choice

Which of the following is not a reason why China is unlikely to maintain high enough rates of productivity growth to catch up with the standard of living in the United States?

• A)The United States invests more in research and development than does China.
• B)Much of China's growth is likely due to the transition from a centrally-planned economy to a market economy.
• C)Because of the low birth rate in China,the labor force will soon decline.
• D)The Chinese migration of rural workers to more productive urban jobs.

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Definitions:

Bargaining Strength

The power and leverage that one party holds over the other in a negotiation process, often influencing the terms of the agreement.

Bargaining Power

The capacity of one party in a negotiation to influence the terms in their favor due to their position or resources.

Strike Activity

Refers to the actions taken by workers, typically organized by labor unions, to cease work in order to protest for better wages, working conditions, or other labor-related issues.

Permanent Strike Replacements

Workers hired to permanently take the positions of striking workers, a tactic sometimes used by employers during labor disputes.