China's Economic System Shift
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Questions and Answers

Which of the following is a benefit of China's mixed economy?

  • Increased government control
  • Strict regulations
  • Encouragement of foreign investments (correct)
  • Greater autonomy for businesses

    • China's economy is currently characterized as

  • A free market economy
  • A command economy
  • A mixed economy (correct)
  • A socialist economy

    • What is a key characteristic of a state-owned company in China?

  • Increased autonomy
  • Government manipulation of demand and supply (correct)
  • Higher tax burden
  • Limited government support

    • Which of the following is a reason why China's mixed economy is beneficial for the country's independence?

    <p>Government support for companies providing vital needs</p> Signup and view all the answers

    What was the government's stance on privatization in China?

    <p>Encouraged privatization</p> Signup and view all the answers

    Which of the following is a characteristic of a state-owned company in China?

    <p>Government subsidies</p> Signup and view all the answers

    Which type of economy did China have in the past?

    <p>Command economy</p> Signup and view all the answers

    What is one benefit of China's mixed economy?

    <p>Autonomy for vital needs</p> Signup and view all the answers

    Why does privatization encourage wealth in China?

    <p>Encouragement of foreign and local investments</p> Signup and view all the answers

    How does China's mixed economy benefit the government and standard of living?

    <p>Increased government revenue and higher standard of living</p> Signup and view all the answers

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