Economic reforms that shifted the system

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1. Recent research suggests that rising national income in China has not been accompanied by rising personal happiness among residents, and this pattern has been observed elsewhere. What name have economists given this phenomenon?

a) Easterlin paradox
b) Middle income trap
c) Mao conjecture
d) Bourne ultimatum

2. Which Chinese leader introduced economic reforms that shifted the system to market socialism?

a) Xi
b) Mao
c) Deng
d) Zhao

3. Mao's support for Stalin contributed to the Sino-Soviet split in the late 1950's. In which of the following ways did Mao's policies differ from Stalin's policies?

a) Mao emphasized the urban-industrial sectors of the economy
b) Mao supported traditional culture
c) Mao supported a professional bureaucracy
d) Mao emphasized regionally decentralized control

4. According to the textbook authors, China has recently exhibited greater income inequality than both Russia and the US.

a) True

b) False

Reference no: EM133065467

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