China: A Deeper Look—China’s Economic System Quiz

In order to receive 1 hour of CFP credit, you must receive at least a 7/10 score on the quiz

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* 1. Name

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* 2. Email

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* 3. CFP Board ID

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* 4. Which of the following is NOT a characteristic of The New China economy?

Pro-market

Central planning

Pro-growth

Pro-technology

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* 5. When did China join the World Trade Organization?

1980

1990

2001

2008

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* 6. The decentralization of economic production, large-scale capital investment, and rapid productivity growth were key drivers of China’s market reforms in 1978.

True

False

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* 7. What was the role of the market in China’s economy in 1992?

A planned economy was the mainstay, supplemented by market regulation

The market played a decisive role in resource allocation and the government

The market played a fundamental role in resource allocation under the macro-control of socialist countries

The market played no role in China’s economy

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* 8. What is China’s current share of the global GDP?

60%

10%

30%

20%

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* 9. China’s economic rise has not led to an increase in energy prices over time.

True

False

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* 10. Which of the following is NOT a consequence of China’s aging population?

A growing workforce

Lower productivity

Higher welfare cost for China’s society

The government will need to quickly build a network of social benefits

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* 11. How does China’s after-school tutoring (AST) ban help address economic and social issues?

The ban directly reduces education spending for Chinese families

The ban reduces the capital-fueled expansion of AST

The ban reduces social inequality

All of the above

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* 12. What is the largest asset class among households in China?

Stocks

Mutual Funds

Housing

Bonds

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* 13. What segment comprises the highest level of China’s total corporate debt?

State-owned enterprises (SOEs)

Household

Government

Private companies