Critics of the World Bank's analysis of East Asian industrial policies argue that
A) even though growth was faster in the non-targeted industries than it was in the targeted ones, the policies were essential to overall economic growth.
B) growth was faster in nearly every targeted industries than it was in the non-targeted ones.
C) even though growth was the same in the targeted industries as it was in the non-targeted ones, they would have grown slower without the policies.
D) growth was slower in the targeted industries; hence the policies did not work.
E) measurements of economic growth are invalid and cannot be used to make comparisons between industries.
C
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A) decrease; less B) increase; more C) decrease; more D) increase; similar E) increase; less
Assume the United States is the "domestic" country and China is the "foreign" country. Which of the following might increase the real exchange rate between the United States and China?
A) an increase in the price level in the United States B) an appreciation of the yuan C) an increase in the price level of China D) a depreciation of the dollar
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If a firm invests a lot in new employees, it is likely to
A) forward load compensation. B) pay all the costs of the new training. C) backload compensation. D) none of these choices.