Most of China's Recent Growth Has Been Fueled by ________

question 79

Multiple Choice

Most of China's recent growth has been fueled by ________, and most of India's recent growth has been fueled by ________.

• A) manufacturing; services
• B) services; manufacturing
• C) manufacturing; manufacturing
• D) services; services

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Definitions:

Complementary Goods

Products or services that are typically used together, where the use of one enhances the use or value of the other.

Substitutes

Goods or services that can be used in place of each other, where an increase in the price of one leads to an increase in demand for the other.

Inferior Goods

Products whose demand decreases as the income of the consumer increases, opposite to normal goods.

Income Increases

Situations where individuals or households experience a rise in their earnings, leading to higher purchasing power.