Analysts that favor a fast transition to market economies argue that China's success with a gradual transition is a special case because
A) its trade flows were relatively large.
B) so much of its labor force was in agriculture.
C) heavy industry already had a strong foothold when the transition began.
D) its coastal areas were already relatively well developed.
B
You might also like to view...
If the price of pizzas falls, the demand for submarine sandwiches (a substitute good) increases
Indicate whether the statement is true or false
Suppose your firm is operating in a perfectly competitive market, and that the minimum average variable cost of producing your good is $30. If the price of the good is $32, your firm should:
A. not produce anything since the price is above the minimum of average variable cost. B. not consider price when determining the amount to sell. C. supply the amount of the good where the marginal cost of production is equal to $32. D. supply the amount of the good where the marginal cost of production is $30.
The balanced-budget multiplier
A. equals 1. B. is greater than 1. C. is greater than 0 but less than 1. D. equals 0.
Refer to the table. This tax is such that the after-tax distribution of income will be:
A. more equal than the before-tax distribution.
B. less equal than the before-tax distribution.
C. distributed in precisely the same way as the before-tax distribution.
D. less than the before-tax distribution by the same percentage at each income level.