The World Bank's view of the effectiveness of industrial policies in East Asia is that, in general, they
A) hindered growth.
B) had little or no effect on growth.
C) encouraged growth.
D) are the main factor in the success of the East Asian economies.
B
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A positive temporary supply side shock will:
A. increase the level of potential output in the long run. B. decrease the price level in the long run. C. increase the price level in the long run. D. have no effect in the long run.
Which of the following is not part of the investment component of GDP?
a. residential construction b. plant, equipment, and software c. net imports d. business structures
If a country has negative net capital outflows, then its net exports are
a. positive and its saving is larger than its domestic investment. b. positive and its saving is smaller than its domestic investment. c. negative and its saving is larger than its domestic investment. d. negative and its saving is smaller than its domestic investment.
The U.S. did not lapse back into a depression after World War II ended for all of the following reasons EXCEPT
A. a larger role taken on by the federal government. B. pent up demand for housing and automobiles. C. government programs that aided the trend toward suburbanization. D. a return to laissez-faire economic policies.