All of the following are reasons why China is unlikely to maintain high enough rates of productivity growth to catch-up with the standard of living in the United States except
A)the United States invests more in research and development.than does China.
B)much of China's growth is likely due to the transition from a centrally-planned economy to a market economy.
C)because of the low birth rate in China,the labor force will soon decline.
D)the Chinese migration of rural workers to more productive urban jobs.

Question

Quizplus · Accepted Answer

The migration of rural workers to more productive urban jobs in China is actually a factor that can contribute to productivity growth, not a reason why China might not catch up with the U.S. in terms of standard of living. This migration can lead to a more efficient allocation of labor and potentially higher overall productivity.

All of the Following Are Reasons Why China Is Unlikely