Question 1

Measurements of TFP indicate that the East Asian success story is based on

Accepted Answer

A) a significantly different economic model from the one followed in the West. 
B) unusually large amounts of innovation. 
C) rapid increases in the education of the work force. 
D) high amounts of savings and investment. 
A) a significantly different economic model from the one followed in the West. 
B) unusually large amounts of innovation. 
C) rapid increases in the education of the work force. 
D) high amounts of savings and investment.

Question 2

Which of the following is NOT a mechanism the high-growth Asian economies used to share wealth across all layers of society?

Accepted Answer

A) Significant investments in rural infrastructure 
B) Free public education 
C) Tax policies that strongly redistributed income from rich to poor 
D) Land reform 
A) Significant investments in rural infrastructure 
B) Free public education 
C) Tax policies that strongly redistributed income from rich to poor 
D) Land reform

Question 3

Which of the following is a FALSE statement about education in the high-growth Asian economies?

Accepted Answer

A) An emphasis on state funding of advanced degree programs, such as engineering and computer science, increased manufacturing production significantly. 
B) Literacy rates rose dramatically in the high-growth Asian economies and laid a foundation for a skilled labor force. 
C) As the average educational level rose, workers could take on more technological, sophisticated production, pushing new investment into product lines. 
D) Spending was focused on the primary and secondary level, where it has the greatest social impact. 
A) An emphasis on state funding of advanced degree programs, such as engineering and computer science, increased manufacturing production significantly. 
B) Literacy rates rose dramatically in the high-growth Asian economies and laid a foundation for a skilled labor force. 
C) As the average educational level rose, workers could take on more technological, sophisticated production, pushing new investment into product lines. 
D) Spending was focused on the primary and secondary level, where it has the greatest social impact.

Question 4

Contrast the economic experience of the high-growth Asian economies with the experience in Latin America,especially with regard to the 1980s and in terms of weathering financial crises.

Accepted Answer

The high-growth Asian economies have gro

Question 5

If a country's income grows at the rate of 5 percent a year,it doubles in about

Accepted Answer

A) eight years. 
B) six and one-half years. 
C) ten years. 
D) fourteen and one-half years. 
E) twenty years. 
A) eight years. 
B) six and one-half years. 
C) ten years. 
D) fourteen and one-half years. 
E) twenty years.

Question 6

Which of the following has NOT been promoted by high-growth Asian economies?

Accepted Answer

A) Large job creation in the government sector 
B) Land reform 
C) Free basic health care 
D) Significant investments in rural infrastructure 
A) Large job creation in the government sector 
B) Land reform 
C) Free basic health care 
D) Significant investments in rural infrastructure

Question 7

Which factors account for most of the growth in the high growth Asian economies?

Accepted Answer

Capital fo

Question 8

Movement of the fast-growing Asian nations through the demographic transition may have had an impact on growth rates because it

Accepted Answer

A) reduced expenditures on health care. 
B) reduced expenditures on pensions. 
C) increased savings. 
D) increased consumption relative to GDP. 
A) reduced expenditures on health care. 
B) reduced expenditures on pensions. 
C) increased savings. 
D) increased consumption relative to GDP.

Question 9

After 2000,rapid economic growth continued for the high-growth Asian economies.

Accepted Answer

A) True 
 B)False

Question 10

Rent-seeking activities have been a major problem in the high-growth Asian economies and contributed greatly to the Asian financial crisis.

Accepted Answer

A) True 
 B)False

Question 11

One economic advantage of a large share of exports in GDP is that countries

Accepted Answer

A) can reduce their budget deficits. 
B) can purchase the imports they need. 
C) can maintain lower rates of unemployment. 
D) develop more labor-intensive industry. 
A) can reduce their budget deficits. 
B) can purchase the imports they need. 
C) can maintain lower rates of unemployment. 
D) develop more labor-intensive industry.

Question 12

Which of the following is NOT a characteristic of high-growth Asian economies?

Accepted Answer

A) stable macroeconomic policies 
B) similar governments 
C) credible commitments to expanding access to health care 
D) the development of skilled workforces 
A) stable macroeconomic policies 
B) similar governments 
C) credible commitments to expanding access to health care 
D) the development of skilled workforces

Measurements of TFP indicate that the East Asian success story is based on

Which of the following is NOT a mechanism the high-growth Asian economies used to share wealth across all layers of society?

Which of the following is a FALSE statement about education in the high-growth Asian economies?

Contrast the economic experience of the high-growth Asian economies with the experience in Latin America,especially with regard to the 1980s and in terms of weathering financial crises.

If a country's income grows at the rate of 5 percent a year,it doubles in about

Which of the following has NOT been promoted by high-growth Asian economies?

Which factors account for most of the growth in the high growth Asian economies?

Movement of the fast-growing Asian nations through the demographic transition may have had an impact on growth rates because it

After 2000,rapid economic growth continued for the high-growth Asian economies.

Rent-seeking activities have been a major problem in the high-growth Asian economies and contributed greatly to the Asian financial crisis.

One economic advantage of a large share of exports in GDP is that countries

Which of the following is NOT a characteristic of high-growth Asian economies?

The United States in a Global Economy

International Economic Institutions Since World War II

Comparative Advantage and the Gains From Trade

Comparative Advantage and Factor Endowments

Beyond Comparative Advantage

The Theory of Tariffs and Quotas

Commercial Policy

International Trade and Labor and Environmental Standards

Trade and the Balance of Payments

Exchange Rates and Exchange Rate Systems

An Introduction to Open Economy Macroeconomics

International Financial Crises

The United States in the World Economy

The European Union: Many Markets Into One

Trade and Policy Reform in Latin America

China and India in the World Economy

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Exam 16: Export-Oriented Growth in East Asia

Measurements of TFP indicate that the East Asian success story is based on

Which of the following is NOT a mechanism the high-growth Asian economies used to share wealth across all layers of society?

Which of the following is a FALSE statement about education in the high-growth Asian economies?

Contrast the economic experience of the high-growth Asian economies with the experience in Latin America,especially with regard to the 1980s and in terms of weathering financial crises.

If a country's income grows at the rate of 5 percent a year,it doubles in about

Which of the following has NOT been promoted by high-growth Asian economies?

Which factors account for most of the growth in the high growth Asian economies?

Movement of the fast-growing Asian nations through the demographic transition may have had an impact on growth rates because it

After 2000,rapid economic growth continued for the high-growth Asian economies.

Rent-seeking activities have been a major problem in the high-growth Asian economies and contributed greatly to the Asian financial crisis.

One economic advantage of a large share of exports in GDP is that countries

Which of the following is NOT a characteristic of high-growth Asian economies?

The United States in a Global Economy

International Economic Institutions Since World War II

Comparative Advantage and the Gains From Trade

Comparative Advantage and Factor Endowments

Beyond Comparative Advantage

The Theory of Tariffs and Quotas

Commercial Policy

International Trade and Labor and Environmental Standards

Trade and the Balance of Payments

Exchange Rates and Exchange Rate Systems

An Introduction to Open Economy Macroeconomics

International Financial Crises

The United States in the World Economy

The European Union: Many Markets Into One

Trade and Policy Reform in Latin America

China and India in the World Economy

Filters