Which of the following may NOT be the reason why after 1949 China decided to adopt the system that industrial inputs and output were allocated administratively by a government:Question 7Answera.China adopted the economic system of the Soviet Union, which was seen as being successful at achieving a relatively high rate of economic growth and a modernizing economy.b.The economic growth model used by the Soviet and China in the 1950s assumed that international trade would play only a very minor role in their economies, thus a country must produce all of the goods that it needs or wants.c.Social stability after World War II and the Civil War had provided China with sufficient industrial production capacity.d.In the ruling Chinese Communist Party’s ideology, markets were irrational; and markets in the 1940s were seen as associated with capitalism, imperialism, and colonialism.
Question
Which of the following may NOT be the reason why after 1949 China decided to adopt the system that industrial inputs and output were allocated administratively by a government:Question 7Answera.China adopted the economic system of the Soviet Union, which was seen as being successful at achieving a relatively high rate of economic growth and a modernizing economy.b.The economic growth model used by the Soviet and China in the 1950s assumed that international trade would play only a very minor role in their economies, thus a country must produce all of the goods that it needs or wants.c.Social stability after World War II and the Civil War had provided China with sufficient industrial production capacity.d.In the ruling Chinese Communist Party’s ideology, markets were irrational; and markets in the 1940s were seen as associated with capitalism, imperialism, and colonialism.
Solution
The option that may NOT be the reason why after 1949 China decided to adopt the system that industrial inputs and output were allocated administratively by a government is:
c. Social stability after World War II and the Civil War had provided China with sufficient industrial production capacity.
This is because the social stability after World War II and the Civil War does not necessarily mean that China had sufficient industrial production capacity. In fact, these wars could have damaged China's industrial capacity. The other options (a, b, and d) are more directly related to the reasons why China might have decided to adopt a system where industrial inputs and outputs were allocated administratively by the government.
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