The Chinese economy was set back by
A. the Great Leap Forward, but not the Cultural Revolution.
B. the Cultural Revolution, but not the Great Leap Forward.
C. both the Cultural Revolution and the Great Leap Forward.
D. neither the Cultural Revolution nor the Great Leap Forward.
C. both the Cultural Revolution and the Great Leap Forward.
You might also like to view...
The evidence cited in the chapter using the examples of the East Asia New Industrializing Countries suggests that as international productivities converge, so do international wage levels
Why do you suppose this happened for the East Asian NICs? In light of your answer, what do you think is likely to happen to the relative wages (relative to those in the United States) of China in the coming decade? Explain your reasoning.
For a trucking company, all of the following are examples of fixed costs, except
a. Tax accountant fees b. Package designing fees c. Insurance d. Gasoline costs
Electric utilities have trumpeted nuclear power for years, advocating it as lower in production costs than other alternatives. Yet, society has resisted heavy reliance on nuclear power. Explain the source of the disagreement and suggest which side (utilities or society) is correct
Suppose the government imposes a tax of 10 percent on the first $40,000 of income and 20 percent on all income above $40,000 . What is the average tax rate when income is $50,000?
a. 20 percent b. 15 percent c. 12 percent d. 10 percent