Which of the following is FALSE about the transition from communism to capitalism in Russia and China?
A) China chose a dual track strategy.
B) China's transition strategy was considered gradualist.
C) Russia chose a rapid transition strategy.
D) Russia's transition was aided by the large number of workers it had in heavy industry.
E) China's transition was aided by the large number of workers it had in rural agriculture.
D
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Increased saving today means
a. more consumption today and in the future b. less consumption today and in the future c. more consumption today and less in the future d. less consumption today and more in the future e. more income today, but the net effect of increased income on the balance between consumption and saving cannot be determined in advance
In 2013 ____ of national factor income consisted of employee compensation
a. 90 percent b. 50 percent c. 60 percent d. 70 percent