Under the household responsibility system,
a. villages own the farmland but contract it out to individual families who operate it chiefly according to the profit motive.
b. formerly collectively owned land has been transferred to private ownership.
c. individual households are held responsible for a certain level of agricultural output.
d. individual households and families are responsible for the provision of many social services previously guaranteed by the state.
e. individual households are permitted to own, or invest in, rural enterprises that are, in turn, collectively managed by local authorities.
Question 2
The term socialist market economy refers to the
a. mixture of state control and capitalism that is being used to promote economic development in China.
b. collectivization of the rural market economy during the Maoist era.
c. development of a stock market in China since the 1980s.
d. fact that free-market forces prevail in the industrial sectors of the Chinese economy while the agricultural sector is still operated collectively.
e. gradual privatization of state-owned enterprises in China.
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