In addition to capital accumulation and technological progress, what are some of the other possible explanations for recent output growth in China?
What will be an ideal response?
There are several additional potential causes of economic growth in China. These are: (1 ) the transition from central planning to a market economy; (2 ) the encouragement of joint ventures with foreign firms; and (3 ) protection of property rights.
You might also like to view...
Assume that the dollar price of a basket of goods in the U.S. is $4 and the Indian price for the same basket is 200 rupees. On the other hand, the dollar price of the Indian basket is $20
Given this information, the Indian price for the Indian basket will be: A) $1,200. B) $1,000. C) $200. D) $5.
Describe the policy ineffectiveness proposition (PIP). Be sure to state which economic theory the PIP is associated with and the assumptions that are necessary for this argument to hold
The expected level of shirking or opportunistic behavior by an agent:
A. is always zero. B. is always less than zero. C. can always be determined accurately. D. is always greater than zero.
The Age of the great industrial capitalist was
A. the first quarter of the 19th century. B. the second quarter of the 19th century. C. the third quarter of the 19th century. D. the fourth quarter of the 19th century.