Explain the reasons for the economic "miracle" of the East Asian countries between 1960 and 1997. Is it only because of the common Asian practice of industrial policy and business-government cooperation?
What will be an ideal response?
Students should emphasize high rates of savings and investment, rapidly improving educational levels among the work force, and a high degree of openness to and integration with world markets.
Economics
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Which of the following should be increased during an expansion?
A) Government spending B) Unemployment C) Inflation D) Tax rates
Economics
A tax rebate by the government would
A) decrease your pretax income, but not your disposable income. B) increase your disposable income, but not your pretax income. C) increase your pretax income, but not your disposable income. D) decrease your disposable income, but not your pretax income.
Economics