The "East Asian Miracle" is
A) the ability of so many people to live in such small areas.
B) the fact that so many Influenza varieties originate from this region.
C) the fact that poor dualistic economies managed to escape the vicious circle of poverty.
D) the ability to maintain large positive trade balances with the U.S.
E) the advent of completely free labor mobility between east Asian countries.
C
You might also like to view...
The most distinguishing economic feature of money is its
A) medium of exchange role. B) store of value role. C) unit of account role. D) standard of deferred payment role.
As of October 2012, which of the following was true?
A) deposits of foreign governments and international organizations > bank reserves > currency in circulation B) currency in circulation > bank reserves > deposits of foreign governments and international organizations C) bank reserves > currency in circulation > deposits of foreign government and international organizations D) currency in circulation > deposits of foreign governments and international organizations > bank reserves
If a country's population grows at the same rate as its real GDP, then real per capita GDP:
a. doesn't change. b. grows at an increasing rate. c. decreases at a decreasing rate. d. grows at a constant rate.
When a business advertises that its product has unique features that make it superior to other similar products, it is engaging in
A. Price competition. B. Product differentiation. C. Predatory pricing. D. Contestable market advertising.