Chapter 7 Economic Reforms

20 Questions | By Kit0083hk | Updated: Mar 20, 2022 | Attempts: 123

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Economic Reforms

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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