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Need some help with this economic question(s).. Please Help!?

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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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2 ANSWERS


  1. Shooting in the dark here, but it seems that Singapore has experienced development due to c)industrialized and exported manufactured goods.

    Don't know about the stats question.

    But the last question is b or c. I can make arguments either way so flip a coin.


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

    c. industrialized and exported manufactured goods.

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

    b. strongly outward-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.

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