What happened to the so-called Asian tigers in the 1960s and 1970s?
a. They underwent a period in which their economies turned into mild communism.
b. The literacy rates of these countries declined in this time period (that is, a smaller percentage of the people could read).
c. They all became part of the First World.
d. They became the most technologically advanced countries in the world.
e. They underwent the process of opening their economies and experienced rapid economic growth.
e
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Many of India's most talented people move to countries where doing business is easier than in India
Talented people leaving their own countries for countries where doing business is easier or where their job skills are in greater demand is known as A) fight-or-flight. B) export exodus. C) brain drain. D) in-migration.
If you sell a $100,000 interest-rate futures contract for 105, and the price of the Treasury securities on the expiration date is 108, your ________ is ________
A) profit; $3000 B) loss; $3000 C) profit; $8000 D) loss; $8000