Since the 1980s,China's Output Per Person Has Increased Tremendously

question 15

Multiple Choice

Since the 1980s,China's output per person has increased tremendously.Which of these possible contributors to economic growth in China is a good example of a positive supply shock?

• A)high levels of saving and investment
• B)declining rate of population growth
• C)rising consumption of energy
• D)all of the above
• E)none of the above

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Voidable Contract

A contract that may be voided or canceled by one of the parties.

Statute of Frauds

A legal doctrine that requires certain types of contracts to be in writing and signed by the party to be charged, to be enforceable.