How was South Korea able to become one of the East Asian Economic Miracles?
What will be an ideal response?
South Korea was able to become one of the East Asian Economic Miracle by launching a series of economic reforms, shifting from an inward-looking, import-substitution development strategy to one that emphasized exports.
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What is the present value of $1,000 to be received 2 years in the future with an interest rate of 8 percent?
A) $857.34 B) $925.93 C) $1080.00 D) $1166.40
Three factors explain the risk structure of interest rates
A) liquidity, default risk, and the income tax treatment of a security. B) maturity, default risk, and the income tax treatment of a security. C) maturity, liquidity, and the income tax treatment of a security. D) maturity, default risk, and the liquidity of a security.
Aggregate output is increased by a decrease in
A) autonomous consumption. B) government spending. C) planned investment. D) net taxes.
Road pricing will improve the allocation of resources to transportation
Indicate whether the statement is true or false