Economics 2281 · O Level · Market economic system

Market economic system — practice question

China, which is the world’s second-largest economy, is moving towards a more market-based economy. Which policy would contribute directly to this change?

  • Aabolishing state control completely
  • Bencouraging consumers to spend more and save less
  • Creducing exports and encouraging more imports
  • Dtransferring wealth from the state sector to the private sector

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