Question 1

The economies of the Four Tigers are all classified as middle income by the World Bank.

Accepted Answer

A) True 
 B)False  False

Question 2

One of the main differences between the recent economic history of the high-performance Asian economies and most of the rest of the world is that growth in the Asian economies

Accepted Answer

A) increased in the 1960s. 
B) continued in the 1980s. 
C) slowed down in the 1960s. 
D) slowed down in the 1980s. 
E) slowed down in the 1970s. 
A) increased in the 1960s. 
B) continued in the 1980s. 
C) slowed down in the 1960s. 
D) slowed down in the 1980s. 
E) slowed down in the 1970s. B

Question 3

Measurements of TFP indicate that the East Asian success story is based on

Accepted Answer

A) a significantly different economic model from the one followed in the West. 
B) unusually large amounts of innovation. 
C) rapid increases in the education of the work force. 
D) high amounts of savings and investment. 
E) large current account surpluses. 
A) a significantly different economic model from the one followed in the West. 
B) unusually large amounts of innovation. 
C) rapid increases in the education of the work force. 
D) high amounts of savings and investment. 
E) large current account surpluses. D

Question 4

What appears to have been one of the major causes of the Asian financial crisis?

Accepted Answer

Government

Question 5

Name the eight HPAEs.

Accepted Answer

Hong Kong,Indonesia,

Question 6

The voices of business and industry are less likely to influence government policy than the voices of consumers in the HPAE.

Accepted Answer

A) True 
 B)False

Question 7

What types of government intervention did the World Bank determine was common in the HPAEs?

Accepted Answer

Government targeted

Question 8

Total factor productivity is

Accepted Answer

A) the quantity of output per worker. 
B) the quantity of output per unit of capital. 
C) the ratio of inputs divided by outputs. 
D) the quantity of output per unit of input. 
E) a measurement of the contribution of education to productivity. 
A) the quantity of output per worker. 
B) the quantity of output per unit of capital. 
C) the ratio of inputs divided by outputs. 
D) the quantity of output per unit of input. 
E) a measurement of the contribution of education to productivity.

Question 9

Deliberation councils have no private sector input.

Accepted Answer

A) True 
 B)False

Question 10

Similarly to the Latin American region,the HPAE experienced a Lost Decade in the 1980s.

Accepted Answer

A) True 
 B)False

Question 11

All of the Newly Industrializing Economies are in East Asia.

Accepted Answer

A) True 
 B)False

Question 12

Which of the following is NOT a mechanism the HPAE used to share wealth across all layers of society?

Accepted Answer

A) significant investments in rural infrastructure 
B) free public education 
C) tax policies that strongly redistributed income from rich to poor 
D) land reform 
A) significant investments in rural infrastructure 
B) free public education 
C) tax policies that strongly redistributed income from rich to poor 
D) land reform

Question 13

Property rights are relatively secure and free from the threat of nationalization in the HPAE.

Accepted Answer

A) True 
 B)False

Question 14

In general,the relationship between democracy and economic growth as demonstrated by the HPAEs is that

Accepted Answer

A) democratic nations grow faster than undemocratic nations. 
B) democratic nations grow slower than undemocratic nations. 
C) there does not seem to be a relationship between democracy and economic growth. 
D) democracies are much more variable in their rates of growth than undemocratic nations. 
E) democracies are much less variable in their rates of growth than undemocratic nations. 
A) democratic nations grow faster than undemocratic nations. 
B) democratic nations grow slower than undemocratic nations. 
C) there does not seem to be a relationship between democracy and economic growth. 
D) democracies are much more variable in their rates of growth than undemocratic nations. 
E) democracies are much less variable in their rates of growth than undemocratic nations.

Question 15

Investment in education in the HPAE was ________ in ________.

Accepted Answer

A) low;primary schools 
B) high;primary schools 
C) low;primary and secondary schools 
D) high;primary and secondary schools 
E) high;university education 
A) low;primary schools 
B) high;primary schools 
C) low;primary and secondary schools 
D) high;primary and secondary schools 
E) high;university education

Question 16

Describe several components of the institutional environment in the HPAEs that are critical to their success.

Accepted Answer

Property rights are secure,bur

Question 17

The World Bank's view of the effectiveness of industrial policies in East Asia is that,in general,they

Accepted Answer

A) hindered growth. 
B) had little or no effect on growth. 
C) encouraged growth. 
D) are the main factor in the success of the East Asian economies. 
E) worked in Japan and Korea,but not in the other countries. 
A) hindered growth. 
B) had little or no effect on growth. 
C) encouraged growth. 
D) are the main factor in the success of the East Asian economies. 
E) worked in Japan and Korea,but not in the other countries.

Question 18

Movement of the fast-growing Asian nations through the demographic transition may have had an impact on growth rates because it

Accepted Answer

A) reduced expenditures on health care. 
B) reduced expenditures on pensions. 
C) increased savings. 
D) increased consumption relative to GDP. 
E) increased the number of retired people. 
A) reduced expenditures on health care. 
B) reduced expenditures on pensions. 
C) increased savings. 
D) increased consumption relative to GDP. 
E) increased the number of retired people.

Question 19

Macroeconomic stability has been a high priority for the economic policies of the HPAE.

Accepted Answer

A) True 
 B)False

Question 20

Studies of the HPAE confirm the importance of savings and investment in increasing economic growth.

Accepted Answer

A) True 
 B)False

The economies of the Four Tigers are all classified as middle income by the World Bank.

One of the main differences between the recent economic history of the high-performance Asian economies and most of the rest of the world is that growth in the Asian economies

Measurements of TFP indicate that the East Asian success story is based on

What appears to have been one of the major causes of the Asian financial crisis?

Name the eight HPAEs.

The voices of business and industry are less likely to influence government policy than the voices of consumers in the HPAE.

What types of government intervention did the World Bank determine was common in the HPAEs?

Total factor productivity is

Deliberation councils have no private sector input.

Similarly to the Latin American region,the HPAE experienced a Lost Decade in the 1980s.

All of the Newly Industrializing Economies are in East Asia.

Which of the following is NOT a mechanism the HPAE used to share wealth across all layers of society?

Property rights are relatively secure and free from the threat of nationalization in the HPAE.

In general,the relationship between democracy and economic growth as demonstrated by the HPAEs is that

Investment in education in the HPAE was in .

Describe several components of the institutional environment in the HPAEs that are critical to their success.

The World Bank's view of the effectiveness of industrial policies in East Asia is that,in general,they

Movement of the fast-growing Asian nations through the demographic transition may have had an impact on growth rates because it

Macroeconomic stability has been a high priority for the economic policies of the HPAE.

Studies of the HPAE confirm the importance of savings and investment in increasing economic growth.

The United States in a Global Economy

International Economic Institutions Since World War Ii

Comparative Advantage and the Gains From Trade

Comparative Advantage and Factor Endowments

Beyond Comparative Advantage

The Theory of Tariffs and Quotas

Commercial Policy

International Trade and Labor and Environmental Standards

Trade and the Balance of Payments

Exchange Rates and Exchange Rate Systems

An Introduction to Open Economy Macroeconomics

International Financial Crises

The United States in the World Economy

The European Union: Many Markets Into One

Trade and Policy Reform in Latin America

The Bric Countries in the World Economy

Filters

Exam 16: Export-Oriented Growth in East Asia

The economies of the Four Tigers are all classified as middle income by the World Bank.

One of the main differences between the recent economic history of the high-performance Asian economies and most of the rest of the world is that growth in the Asian economies

Measurements of TFP indicate that the East Asian success story is based on

What appears to have been one of the major causes of the Asian financial crisis?

Name the eight HPAEs.

The voices of business and industry are less likely to influence government policy than the voices of consumers in the HPAE.

What types of government intervention did the World Bank determine was common in the HPAEs?

Total factor productivity is

Deliberation councils have no private sector input.

Similarly to the Latin American region,the HPAE experienced a Lost Decade in the 1980s.

All of the Newly Industrializing Economies are in East Asia.

Which of the following is NOT a mechanism the HPAE used to share wealth across all layers of society?

Property rights are relatively secure and free from the threat of nationalization in the HPAE.

In general,the relationship between democracy and economic growth as demonstrated by the HPAEs is that

Investment in education in the HPAE was ________ in ________.

Describe several components of the institutional environment in the HPAEs that are critical to their success.

The World Bank's view of the effectiveness of industrial policies in East Asia is that,in general,they

Movement of the fast-growing Asian nations through the demographic transition may have had an impact on growth rates because it

Macroeconomic stability has been a high priority for the economic policies of the HPAE.

Studies of the HPAE confirm the importance of savings and investment in increasing economic growth.

The United States in a Global Economy

International Economic Institutions Since World War Ii

Comparative Advantage and the Gains From Trade

Comparative Advantage and Factor Endowments

Beyond Comparative Advantage

The Theory of Tariffs and Quotas

Commercial Policy

International Trade and Labor and Environmental Standards

Trade and the Balance of Payments

Exchange Rates and Exchange Rate Systems

An Introduction to Open Economy Macroeconomics

International Financial Crises

The United States in the World Economy

The European Union: Many Markets Into One

Trade and Policy Reform in Latin America

The Bric Countries in the World Economy

Filters

Investment in education in the HPAE was in .