All categories

3 years ago

What has happened to China’s GPD since it began to reform its economy?

Business

1 answer:

telo118 [61]3 years ago

6 0

Answer:

it has grown substantially

Explanation:

in the past, China's government has total control over other economy. They failed to run it efficiently since the system provide no incentives for people to work harder and invents new things.

In the 1980s, china started to adopted some aspect of Capitalism and let the private sector grow their influence in the economy.

As a result, many people start to have incentives to contribute more to the economy. This system basically allowed the citizens seek personal wealth for themselves, but they are indirectly improving the country's economy.

You might be interested in

Lakesha does not have enough in her bank account to use a debit card for the purchase of a bike she needs to get to work. She ha

Bezzdna [24]

Answer:

]-0]-]'-0]

Explanation:

7 0

2 years ago

A partner (owner) who invests money in a business does not take an active role in managing the operation, and is only subject to

Mashutka [201]

Answer:

Limited partner

Explanation:

A limited partner has limited liabilities and doesn't take an active role in managing the operation of the business. A limited partner is also known as a silent partner.

I hope my answer helps you

3 0

2 years ago

United States Steel Corporation’s (X) 7.5% bonds due in 2022 were reported as selling for 103.2.

kirill [66]

Answer:

because they are able to create it at a lower price

Explanation:

4 0

2 years ago

Consider the production function

hichkok12 [17]

Answer:

Requirement 1: Production Output will be 61.42 Units.

Requirement 2: Production Output will be doubled.

Requirement 3: Constant Returns to Scale

Explanation:

Requirement 1:

The output at K=46 and N=82 is given as under:

Y = (46)^1/2 * (82)^1/2

Y = 61.42 Units

Requirement 2:

Now if we double "K" and "N" then:

Y' = (2K)^1/2 * (2N)^1/2

Y' = 2 [(K)^1/2 * (N)^1/2]

Y' = 2Y

This means that the output will be doubled.

Requirement 3:

Option A. Constant Returns to Scale

Constant returns to scale occurs when the increase in the input causes same proportional increase in the production output. Such same proportional increase in the production output is referred to as Constant Returns to Scale.

In the given scenario, as the production output doubles with the doubling of input which was seen in the requirement above. We can say that the production function is characterized by Constant Returns to Scale.

6 0

2 years ago

Often the life of a whistleblower involves tremendous ridicule and scrutiny from others, despite doing the "right thing." Descri

Tamiku [17]

Answer:

Find the explanation below.

Explanation:

Whistleblowing is the act of raising an alarm over unethical or illegal acts committed by people holding political or public service positions. The whistleblower is most times motivated by the quest to end the injustice or negative impact suffered by the disadvantaged group. Whistleblowers suffer tremendous obstacles from the people they have exposed because;

1. The offender's source of illegal income has been withdrawn. Just like humans fight for survival when their source of livelihood is taken away, so would a person fight against whatever that tends to take away their illegal source of wealth.

2. Fear of being seen in a negative light by others. The person committing a crime usually puts up an act of innocence, thus presenting himself as a morally upright person. When the whistleblower tries to expose their true identity, it is only expected that they would try to shut him up.

5 0

2 years ago