In 1979-80 China first created _____ for foreigners to set up enterprises hire labor and import duty-free goods for processing and re-exporting ?
A. special economic zones
B. liberalized trade monopoly zones
C. Economic Union zones
D. Communist free trade areas
A. introducing the reform package at once to ensure that it became too late and costly to reverse the reforms
B. agricultural reform rather than industrial reforms to overcome food insecurity
C. the creation of a small-scale private sector ans small independent banks
D. attempts to gradually remake institutions
A. III only
B. IV only
C. I, II and IV only
D. None of these
State-owned enterprises (SOEs) are also called ?
A. centralized firms
B. government oligopolies
C. market economies
D. public enterprises
The industrial concentration ratio is the proportion of an industry’s output ?
A. produced by the three largest firms in the industry
B. produced in cement, machine tools and steel industries
C. and labor intensities relative to labor productivity
D. as a percentage of production and marketing
A. contractionary monetary and fiscal policies
B. currency devaluation
C. long-run institutional and structural economic change
D. short term-adjustment with a human face