In China,
A) the savings rate is exceptionally low
B) state-owned enterprises have required few government subsidies
C) trade has not been consistent with comparative advantage
D) there is a big difference between urban and rural living standards

Question

Quizplus · Accepted Answer

China has a significant urban-rural divide, with urban areas often having much higher living standards, income levels, and access to services compared to rural areas. This disparity is a well-documented issue in the country's economic and social landscape.