Asked by Samira Saghafi on May 17, 2024
Verified
Which statement is the most accurate?
A) China is a completely economically backward nation.
B) China's economic growth has been extremely low for the last 20 years.
C) China is subjected to periodic famine.
D) Since 1978,Chinese leaders have relaxed rigid party control of the economy and permitted more individual initiative.
China's Economic Growth
A phenomenon marked by rapid industrialization, significant increases in GDP, and lifting millions out of poverty, transforming the country into a major global economy.
Individual Initiative
The drive or motivation of an individual to undertake actions on their own accord, often leading to innovation or the starting of new ventures.
- Understand the transitions in economic policies historically and their impacts on nations including China and the once Soviet Union.
Verified Answer
DK
Daisy KarekeziMay 22, 2024
Final Answer :
D
Explanation :
Since 1978, Chinese leaders have implemented economic reforms that have relaxed rigid party control of the economy and permitted more individual initiative. As a result, China has experienced significant economic growth and has become a major player in the global economy. Option A, B, and C are all inaccurate statements about China's current economic status.
Learning Objectives
- Understand the transitions in economic policies historically and their impacts on nations including China and the once Soviet Union.