Which statement about income inequality in China is INCORRECT?
a. Income inequality today is greater than it was during the Maoist period.
b. Economic reform has generally evened out income inequality between rural and urban residents.
c. Economic reform has generally evened out income inequality between men and women.
d. Although it has greatly enlarged the middle class, economic reform has not created a class of super-rich.
e. Surveys indicate that most Chinese are dissatisfied with the state of egalitarianism in contemporary China.
Question 2
Which of the following statements about the current status of state-owned enterprises in China is NOT true?
a. Although they are vastly outnumbered by private enterprises, they still dominate critical sectors of the economy.
b. They are universally inefficient.
c. They have never needed bailouts by the country's banks.
d. They are not required to respond to market forces.
e. They account for less than half of the country's GDP.
Hong Kong is a strange situation. A British colony since 1842, it was handed back to China in 1997 a
Example of a patient statement.
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