00:01
Which of the following is not a potential source of comparative advantage for china in the manufacturing sector? a, a large domestic market that can lead to scale economies.
00:11
B, abundant low wage, low -scale workers.
00:15
C, coastal areas with good logistics for international trade.
00:19
Or d, abundant credit from china's government sectors to set up manufacturing operations.
00:24
The correct answer here is d.
00:29
Abundant credit from china's government sector to set up manufacturing.
00:32
Operations.
00:34
Manufacturing plays a number of key roles in the economy.
00:57
It also provides good jobs with excellent wages and benefits to minority workers.
01:31
Trade statistics suggest that china is exporting high -tech manufacturing goods such as machinery, transport equipment, and electrical and electronics products, and achieved a revealed comparative advantage in some of these industries.
01:47
China's economic reforms have focused on, a, reducing persistent inflation and current.
01:52
Current account deficits.
01:54
B, reducing exchange rate instability.
01:57
C.
01:58
Transitioning from socialism and toward private ownership or d, privatizing state -owned enterprises and increasing efficiency...