Which of the following was NOT part of Korean industrial policies?
A) An aggressive promotion of exports along with high levels of protection
B) Directed credit and tax breaks given to targeted industries
C) Bailing out bankrupt firms without any attempt to dispose distressed firms
D) Allowing exporting firms to borrow funds at below-market interest rates
C
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If a nonbinding price ceiling is imposed on a market, then the
A. price in the market will decrease. B. price in the market will increase C. quantity sold in the market will stay the same. D. quantity sold in the market will decrease.
Refer to Scenario 5.6. If the doctor is risk-averse, she would accept
A) $50,000 for sure rather than take the risk of being a researcher. B) $60,000 for sure (the minimum HMO outcome) rather than take the risk of being a researcher. C) $95,000 for sure rather than face option 1 and option 2 in research. D) $275,000 for sure (the average of option 1 and option 2 in research), but not less, rather than face the risk of those two options. E) the research position because it has the highest possible income.