Article Summary in the Third Quarter of 2015,the Chinese Economy Grew by Grew

question 118

Multiple Choice

Article Summary
In the third quarter of 2015,the Chinese economy grew by 6.9 percent,just below the government's target of 7 percent and its slowest growth rate since 2008.A decline in manufacturing and imports led the slowdown,with fears that the slower growth will continue despite government stimulus measures.The Chinese government has been trying to move away from an export-based economy to one led by consumption and the service sector,and Sheng Laiyun,a spokesman for the Chinese statistics agency,has stated that the service sector is expected to grow rapidly.However,economists believe more government stimulus measures are needed to reverse the slowdown in economic growth.
-Refer to the Article Summary.According to the summary,the Chinese economy is trying to move away from an export based economy,while at the same time imports have declined.This decrease in exports and decrease in imports will

• A)definitely increase net exports.
• B)definitely decrease net exports.
• C)increase net exports if the decline in exports is greater than the decline in imports.
• D)decrease net exports if the decline in exports is greater than the decline in imports.

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Definitions:

Pluralistic Ignorance

A situation where a majority of group members privately reject a norm, but incorrectly assume that most others accept it, leading to a disconnect between beliefs and behaviors.

Social Responsibility Norm

A societal rule that people should help those who need assistance, without regard to future exchanges.

Dispositional Attributions

The tendency to attribute someone's behavior to their internal qualities or personality traits rather than to external factors.

Situational Attributions

The process of attributing behavior to external factors in the environment or situation, rather than to internal personality traits.