The East Asian model's approach to foreign trade has been
a. to give major incentives to exports
b. to allow the market to determine whether firms export or import
c. to follow import substitution policies
d. to maintain state control over foreign trade operations
e. none of the above
A
Economics
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Suppose the overall MPC is 0.9. If a $2 billion increase in imports to the United States will lead to a $10 billion decrease in GDP, the value of the marginal propensity to import must be
A) 0.1. B) 0.2. C) 0.5. D) 0.8.
Economics
Intermediate goods and services are one of the largest components of the expenditure approach to measuring GDP
Indicate whether the statement is true or false
Economics