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Questions and Answers
What has been strongly correlated with national economic growth?
What has been strongly correlated with national economic growth?
- Decreased integration into global markets
- Rising inflation rates
- Reduced trade with the rest of the world
- Increased integration into global markets (correct)
Where did Shenzhen, China grow explosively between 1985 and 2015?
Where did Shenzhen, China grow explosively between 1985 and 2015?
- As a financial services hub
- As a technology research and development hub
- As an export processing zone/special economic zone (correct)
- As an agricultural production center
What has led to large declines in manufacturing employment and wages in some US states?
What has led to large declines in manufacturing employment and wages in some US states?
- Chinese import penetration (correct)
- Rising global oil prices
- Increased demand for skilled labor
- Government subsidies for local businesses
What do politicians often promise to do in response to job loss due to import competition?
What do politicians often promise to do in response to job loss due to import competition?
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What type of jobs are often outsourced to China, leading to winners and losers?
What type of jobs are often outsourced to China, leading to winners and losers?
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