How did active government industrialization strategy and industrial policies, including the collaboration between private and public sectors contribute to the East Asian development success?
What will be an ideal response?
The policies included encouraging indigenous skills, technologies, and firms. Upgrading technologies over time from labor intensive to relatively more capital intensive. The government also played a coordinating role with good communication with the private sector.
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Refer to Table 9-10. Suppose an economy has only three goods and the typical family purchases the amounts given in the table above. If 2011 is the base year, then what is the CPI for 2016?
A) 14.3 B) 87.5 C) 114.3 D) 160
Investment will increase if business taxes ____, real interest rates ____, or if business confidence ____
a. increase, increases, increases b. decrease, decrease, decreases c. increase, increases, decreases d. decrease, decrease, increases
Suppose that your roommate is very untidy. Suppose she/he gets a $100 benefit from being messy but imposes a $200 cost on you. (Assume that there are no regulations against untidiness in your living quarters.) The Coase Theorem would suggest that an efficient solution can be reached where: a. you pay your roommate at least $100 but no more than $200 to clean up after her/himself b. you pay your
roommate at least $201 to clean up after her/himself. c. you continue to live with your untidy roommate until you are able to make other living arrangements elsewhere. d. your roommate pays you at least $100 to have you clean up after her/him.
In the following graph, the price of capital is $100 per unit; the price of labor is $25 per unit. When output is 30 units, what is TOTAL cost?
A. $10,000 B. $20,000 C. $2,000 D. $1,000 E. none of the above