Question:

ECON Help Needed- Easy 10 pts?

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Singapore has experienced substantial development in the last four decades because it

a. received substantial foreign aid. b. industrialized with the aid of tariffs and quotas. c. industrialized and exported manufactured goods. d. industrialized and exported primary products. e. changed its demographic and social makeup.

Statistics report the lowest rates of economic growth for countries whose development strategy is

a. positively inward-oriented. b. strongly outward-oriented. c. strongly inward-oriented. d. moderately outward-oriented. e. moderately inward-oriented.

The Taiwanese government allows tax credits for domestic producers who compete with manufacturers in First World nations. This suggests that Taiwan engages in

a. import substitution. b. trade protectionism. c. export substitution. d. foreign exchange market intervention. e. voluntary export restrictions

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1 ANSWERS


  1. I think answer on third question is "b. trade protectionism." - the rest are very specific.

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