One thing that the Asian Tigers did to become extremely successful was to
a. build an expert workforce by paying well for highly skilled labor.
b. create industries to serve domestic markets.
c. integrate with wealthy international markets.
d. put more emphasis on self-reliance.
c. integrate with wealthy international markets.
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A contractionary monetary policy decreases net exports by ________ interest rates and ________ the value of the dollar
A) lowering real; decreasing B) lowering real; increasing C) raising nominal; increasing D) raising real; increasing
Which of the following will not cause the aggregate supply curve to shift?
a. an increase in capital stock b. a decrease in the number of workers c. a decrease in the amount of natural resource base d. a change in the price level e. an increase in the number of entrepreneurs