Chapter 7 Economic Reforms

20 Questions | Total Attempts: 91

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Economics Quizzes & Trivia

Economic Reforms


Questions and Answers
  • 1. 
    What event indicated the start of the Reforms in China in 1977?
    • A. 

      The death of Mao Zhedong

    • B. 

      The normalization of the relationship with the US

    • C. 

      The 11th Communist party Congress

    • D. 

      None of the others

  • 2. 
    Which city is the Shenzhen next to?
    • A. 

      Shanghai

    • B. 

      Hongkong

    • C. 

      Macao

    • D. 

      Guangzhou

  • 3. 
    In 1949, which sector of the economy provided most jobs in China?
    • A. 

      Primary

    • B. 

      Secondary

    • C. 

      Quaternary

    • D. 

      Tertiary

  • 4. 
    The following order represents the importance of the corresponding sectors in China's employment (Most to least)?
    • A. 

      Secondary, Agriculture and Tertiary

    • B. 

      Tertiary, Secondary and Agriculture

    • C. 

      Secondary, Tertiary, and Agriculture

    • D. 

      Agriculture, Secondary and Tertiary

  • 5. 
    What does FDI stand for?
    • A. 

      Foreign Domain Index

    • B. 

      None of the others

    • C. 

      Foreign Direct Investment

    • D. 

      Foreign and Domestic Investment

  • 6. 
    What is the factor that is commonalty considered China's biggest advantage in attracting foreign investment?
    • A. 

      Rich resources

    • B. 

      Large number of Overseas Chinese

    • C. 

      Control of CCP

    • D. 

      Cheap labor and costs

  • 7. 
    What is the comparative advantage of US in world economy?
    • A. 

      High-tech industries

    • B. 

      All of the others

    • C. 

      Transportation and Shipping

    • D. 

      Retailing

  • 8. 
    Which economy did China emulate after 1949?
    • A. 

      Japan

    • B. 

      India

    • C. 

      The United States

    • D. 

      The former Soviet Union

  • 9. 
    What were the major responsibilities of China's SOEs?
    • A. 

      All of the others

    • B. 

      Schools

    • C. 

      Pensions and medical care

    • D. 

      Housing

  • 10. 
    What was the basic unit of China's economy before 1976?
    • A. 

      Danwei

    • B. 

      SOEs

    • C. 

      Private Companies

    • D. 

      Communes

  • 11. 
    Where did China's reforms begin?
    • A. 

      Shanghai

    • B. 

      Urban China

    • C. 

      Rural China

    • D. 

      Guangzhou

  • 12. 
    What may characterize the Pearl River Delta Model?
    • A. 

      SOEs

    • B. 

      TVEs

    • C. 

      Private businesses

    • D. 

      Foreign Investments

  • 13. 
    What did the dual-track price mechanism mean?
    • A. 

      Co-existence of rural and urban markets

    • B. 

      None of the above

    • C. 

      Co-existence of market and controlled prices

    • D. 

      Co-existence of private and public ownership

  • 14. 
    Where was the Third Front located in China during Mao's time?
    • A. 

      Coastal provinces

    • B. 

      Around Beijing

    • C. 

      Inland provinces

    • D. 

      Northeast China

  • 15. 
    How has the inter-Regional inequality changed in China after 1949?
    • A. 

      It declined before 1978 in general but increased after the reforms

    • B. 

      It did not change at all

    • C. 

      It increased in general before 1978 but declined after reforms

    • D. 

      In has kept growing since 1949

  • 16. 
    How has the urban/rural disparity changed in China after 1978?
    • A. 

      It has kept growing

    • B. 

      It has kept declining

    • C. 

      It declined significantly before 1984 but has grown significantly after that

    • D. 

      It has increased before 1984 and then declined

  • 17. 
    What can characterize autarky?
    • A. 

      Planning economy

    • B. 

      Open and active international trade

    • C. 

      SOEs

    • D. 

      Isolation and little international trade

  • 18. 
    Which advanced economy enjoys trade surplus instead of deficit with China?
    • A. 

      Japan

    • B. 

      Italy

    • C. 

      USA

    • D. 

      Germany

  • 19. 
    The majority of import and exports in China are due to what kind of firms in China?s
    • A. 

      Chinese TVEs

    • B. 

      Foreign Invested firms in China

    • C. 

      China's private businesses

    • D. 

      Chinese SOEs

  • 20. 
    Which region did the CCP emphasize in its development efforts in the early days? after the PRC was founded?
    • A. 

      Coastal regions

    • B. 

      Region around Shanghai

    • C. 

      Inland

    • D. 

      Northeast China

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