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Questions and Answers
What was the key feature of China's rapid growth model?
What was the key feature of China's rapid growth model?
- Avoidance of foreign investment
- Dependence on domestic trade
- Isolation from global markets
- Reliance on international trade and cross-border investment (correct)
How did global trade and foreign investment impact China's economy?
How did global trade and foreign investment impact China's economy?
- Led to increased poverty rates
- Transformed it into an economic superpower (correct)
- Caused economic stagnation
- Reduced its dependence on international trade
What is a negative consequence of economic globalization mentioned in the text?
What is a negative consequence of economic globalization mentioned in the text?
- Decreased competition in the market
- Enhanced living standards for all individuals
- Increased equality of income and wealth
- Intensified inequality between rich and poor (correct)
In what way does globalization impact market competition?
In what way does globalization impact market competition?
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What is the main benefit of trade according to the text?
What is the main benefit of trade according to the text?
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Why do a large majority of economists support free trade?
Why do a large majority of economists support free trade?
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What has been a consequence of globalization in terms of income inequality?
What has been a consequence of globalization in terms of income inequality?
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What is the essence of trade according to the text?
What is the essence of trade according to the text?
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What does the text mention as a challenge of economic globalization?
What does the text mention as a challenge of economic globalization?
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What role does competition play in the context of globalization?
What role does competition play in the context of globalization?
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