A. is the first of the East Asian countries to be recognized for a successful outward-oriented development strategy
B. has retained to the present time its strategy of import substitution as a source of economic growth
C. has always accounted for a significant share of international trade, given its very large population
D. has significantly increased its openness to international trade and foreign investment in recent decades
Related Mcqs:
- The U.S has granted China permanent most favored nation treatment (normal trade relations) This means that the tariff schedules which apply to U.S imports from china ?
A. have tariff rates equal to zero suggesting a free trade policy for the United States
B. have lower tariff rates than the rates that apply to any other country sending goods to the United States
C. have tariff rates that are identical to the rates that apply to other countries to which the U.S grants most-favored nation treatment
D. have lower tariff rates than the rates that apply to other countries to which the U.S grants most favored nation treatment - When an increase in government purchases increases the income of some people, and those people spend some of that increase in income on additional consumer goods, we have seen a demonstration of ?
A. The multiplier effects
B. supply side economics
C. None of these answers
D. The crowding out effect - Because people’s income vary other the life cycle and because there are transitory shocks to people’s incomes the standard measures of income distribution ?
A. exaggerate the inequality of living standards
B. could exaggerate or understate the inequality of living standards depending on whether the transitory shocks are positive or negative
C. understate the inequality of living standards
D. accurately represent the true inequality of living standards - Membership in the World Trade Organization for china ?
A. has been a matter of low priority for the Chinese government
B. was achieved in the early 1950s
C. has been opposed by a number of labor and human rights organizations in other countries
D. has had negligible effect on trade between china and the United States - China is the chief exporter of_______________?
A. Rubber
B. Manganese’s
C. Rice
D. Gold - In 2000, China and India constituted about _________ of the world’s population?
A. 40%
B. 10%
C. 80%
D. 0.10% - If the EU imposes a quota on the importing of clothing produced in China, so reducing UK imports of clothing, which of the following is true regarding UK net exports ?
A. Net exports will rise
B. None of these answers
C. Net exports will fall
D. Net exports will remain unchanged - Economic development in Japan after World War II and in Communist China since the 1980s in similar in that both nations have sought to ?
A. end foreign investment
B. develop their vast natural resources to achieve economic growth
C. utilize the concepts of capitalism to improve their economies
D. nationalize most major industries and restrict competition - Besides tobacco, tea and cotton, which is the other agricultural produce of China ?
A. Maize
B. Rice
C. Soybean
D. Millets - During the 1980s and 1990s the economic policies of China, supported by Deng Xiaoping have led directly to______________??
A. an expansion of China’s colonial empire
B. an increase in trade with the West
C. a return to a strict command economy
D. the success of the commune system
