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Many Economists Argue That Japan's Remarkable Long- Run Growth Rate

Question 17

Multiple Choice

Many economists argue that Japan's remarkable long- run growth rate between 1950 and 1990 was largely due to Japan's


A) skilled labour force that developed over those forty years.
B) high consumption rate for high quality electronic products.
C) high national saving rate.
D) excessive amounts of money invested into research and development.
E) restrictive trade barriers which eliminated foreign competition.

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