During the past 10 to 20 years, a considerable amount of foreign capital has flowed into China. What is an implication of capital flow on the composition of Chinese trade?
a. There should be no change in the composition of China's trade.
b. There should be a shift toward the export of more laborintensive products.
c. There should be a shift toward the export of more capitalintensive products.
d. There should be a shift toward the import of more capitalintensive products.
Answer: c. There should be a shift toward the export of more capitalintensive products.
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What will be an ideal response?
An economy without monetary exchange is called
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