While in "transition," which of the following countries created zones in which firms could keep foreign exchange earnings and hire and fire workers?
A) East Germany
B) Australia
C) China
D) United States

Question

Quizplus · Accepted Answer

China, during its transition from a centrally planned economy to a more market-oriented one, established Special Economic Zones (SEZs) where foreign and domestic companies could operate with policies that were more liberal than the rest of the country, including keeping foreign exchange earnings and having more flexibility in employment practices.

While in "Transition," Which of the Following Countries Created Zones