The label 'Asian Tigers' describes the following economies ________
A) China, South Korea, Singapore and Taiwan
B) Hong Kong, Taiwan, South Korea and Singapore
C) Singapore, Taiwan, Hong Kong, and China
D) South Korea, Singapore, China and Hong Kong
B
You might also like to view...
The aggregate demand curves in Figure 13.1 have a positively-sloped portion. The reason this can happen is ________
A) sloppy editing B) the monetary policy response to declining inflation causes the real interest rate to fall, which causes output to rise C) a sudden increase in potential output D) changes in expected inflation cause the real interest rate to change in the opposite direction E) rising inflation causes financial frictions to increase
Bill uses his entire budget to purchase Pepsi and hamburgers, and he currently purchases no Pepsi and 6 hamburgers per week
The price of Pepsi is $1 per can, the price of a hamburger is $2, Bill's marginal utility from Pepsi is 2, and his marginal utility from hamburgers is 6. Is Bill's current consumption decision optimal? A) No, he should increase Pepsi consumption and reduce hamburger consumption. B) No, he should purchase more of both goods. C) Yes, the corner solution is best because his MRS is less than the price ratio. D) We do not have enough information to answer this question.