The "Asian miracle" refers to the:
A. success countries like Japan, South Korea, and Taiwan have had with export-led growth policy.
B. success countries like Japan, South Korea, and Taiwan have had with import substitution policy.
C. fact that countries like Japan and South Korea have had consistent growth despite their failing industrial policies.
D. high growth in countries like Japan and South Korea despite the absence of a democratic government.
A. success countries like Japan, South Korea, and Taiwan have had with export-led growth policy.
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The wealth effect on consumer spending is
A) about the same as the effect on plant and equipment expenditure. B) about the same as the effect on residential construction. C) less than the effect on plant and equipment expenditure. D) larger than the effect on residential construction.
In regression analysis, the dependent variable
A) is always quantity demanded. B) is the variable whose variation is to be explained. C) is one of the factors that explains what is happening with demand. D) is represented by the inverse demand function.
Monopolistic competition is characterized by: a. one firm selling several products
b. many firms selling the same product. c. many firms selling slightly different products. d. one firm selling one product.
If the marginal propensity to consume (MPC) is 0.75, and if the goal is to increase real GDP by $400 million, then by how much would government spending have to change to generate this increase in real GDP?
A. $140 million. B. $100 million. C. $200 million. D. $400 million.