Multiple Choice
The high correlation between rapid growth in exports and rapid economic growth observed in several East Asia countries in recent decades
A) proves that export promoting trade policy leads to relatively rapid economic growth.
B) proves that a free-trade orientation of trade policy results in rapid economic growth.
C) proves that exports help growth, whereas imports impede growth.
D) proves that trade policy is the most important policy area for promotion of economic development.
E) does not prove that trade liberalization always leads to rapid economic growth.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: The "East Asian Miracle" is<br>A) the ability
Q3: The experience of sub-Saharan Africa,as compared to
Q3: The infant industry argument calls for active
Q4: The United States, as it began its
Q6: Taiwan and South Korea are examples of
Q7: To help developing nations strengthen their international
Q12: In 2003,the per-capita income in China was
Q17: The HPAE (High Performance Asian Economies) countries<br>A)
Q26: Sophisticated theoretical arguments supporting import-substitution policies include<br>A)
Q28: It is argued that import substitution is