1) A market economy is an economic system in which decisions are made by members of households and privately owned firms as they interact in markets to determine the allocation of scarce resources. How is a centrally planned economy different from a market economy?

2) How is the market in China different from the market in the United States?

3) Why have U. S. businesses continued to move into the Chinese market even though there
has been a decline in trade and other worsening economic conditions?

4) What are some of the barriers to entry into China's technology and trade markets?

5) Do you think U. S. businesses should continue to move into the Chinese market? Why or why not?