Which of the following statements about China's role in the global economy is NOT true?
a. China is the world's leader in exports.
b. China is the world's second-largest importer of goods and services.
c. Foreign trade accounts for over half of China's GDP.
d. China is much more economically dependent on trade than other major economies.
e. China faces stiff competition for overseas investment from other developing countries with lower labor costs.
d
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Holding local elections at the same time as the presidential election ________
A. decreases the voter turnout B. increases the voter turnout C. does not affect the voter turnout D. adversely affects the presidential election
In traditional economics, buying items where they are cheap and then selling them where they are expensive should __________
a. lead to prices evening out b. lead to high demand c. lead to higher prices d. decreased demand and falling prices