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 (B)</p> Signup and view all the answers

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

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

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

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

Which type of economy did China have in the past?

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

What is one benefit of China's mixed economy?

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

Why does privatization encourage wealth in China?

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

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