According to the chapter "How China Grew Rich" in The Undercover Economist, when Deng Xiaoping and other reformers "froze" the size of the state economic plan in 1985, the strategy was successful because:.
A. Their action was easy to understand.
B. The market operated at the margin.
C. People believed they would follow through on their strategy.
D. All of the above.

D. All of the above.

Explanation:

One of the greatest mistakes of classical economists is that their ideas are based on excellent theoretical principles, but there is a gap between theory and reality, specially in economics. No economic plan or reform can work if the citizens do not belief in it and support it. People's expectations are almost impossible to quantify, but they are probably the single most important economic driver. Most people are willing to endure certain temporary hardships if they know that better times are coming and that is exactly what happened in China.

the u.s. census bureau produces data on the population and economy nationwide. it can you to analyze the kind of people living in your neighborhood. it does not show you the market of people willing to buy your product or an existing market for your product. that will require more market research. the census bureau only gives you an insight to the demographics in your area.

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