China's recent experience supports the proposition that
A) "economic miracles" are solely to be expected in small countries.
B) central planning and socialism can promote sustained economic growth.
C) a lessening of income disparities is a prerequisite for economic growth.
D) growth in a large country cannot be affected by its foreign sector.
E) policy changed can dramatically prompt export oriented growth

Question

Quizplus · Accepted Answer

China's shift towards an export-oriented economy in the late 20th century played a significant role in its remarkable economic growth. The government's policies promoting exports, such as providing tax incentives and investing in infrastructure, helped to attract foreign investment and spur economic activity. This experience supports the idea that policy changes can have a significant impact on promoting economic growth.

China's Recent Experience Supports the Proposition That