ECN 607 Chapter Notes - Chapter 16: Pearson Education, Association To Advance Collegiate Schools Of Business, Demographic Transition
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Copyright © 2018 Pearson Education, Inc.
International Economics, 7e (Gerber)
Chapter 16 Export-Oriented Growth in East Asia
16.1 Introduction: High-Growth Asian Economies
1) Which of the following is NOT a characteristic of high-growth Asian economies?
A) stable macroeconomic policies
B) similar governments
C) credible commitments to expanding access to health care
D) the development of skilled workforces
Answer: B
Topic: Introduction: High-Growth Asian Economies
Difficulty: Easy
Objective: LO 16.1 List four general characteristics of success in the export-oriented East Asian
economies.
AACSB: Application of knowledge
2) High-growth Asian economies were careful to maintain stable macroeconomic environments.
Answer: TRUE
Topic: Introduction: High-Growth Asian Economies
Difficulty: Easy
Objective: LO 16.1 List four general characteristics of success in the export-oriented East Asian
economies.
AACSB: Application of knowledge
16.2 Population, Income, and Economic Growth
1) One of the main differences between the recent economic history of the high-performance
Asian economies and most of the rest of the world is that growth in the Asian economies
A) increased in the 1960s.
B) continued in the 1980s.
C) slowed down in the 1960s.
D) slowed down in the 1970s.
Answer: B
Topic: Population, Income, and Economic Growth
Difficulty: Easy
Objective: LO 16.1 List four general characteristics of success in the export-oriented East Asian
economies.
AACSB: Application of knowledge
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Copyright © 2018 Pearson Education, Inc.
2) If a country's income grows at the rate of 5 percent a year, it doubles in about
A) eight years.
B) six and one-half years.
C) ten years.
D) fourteen and one-half years.
E) twenty years.
Answer: D
Topic: Population, Income, and Economic Growth
Difficulty: Easy
Objective: LO 16.1 List four general characteristics of success in the export-oriented East Asian
economies.
AACSB: Application of knowledge
3) All eight countries known as the high-growth Asian economies are outwardly oriented for
trade and investment, and all have experienced rapid growth by world standards.
Answer: TRUE
Topic: Population, Income, and Economic Growth
Difficulty: Easy
Objective: LO 16.1 List four general characteristics of success in the export-oriented East Asian
economies.
AACSB: Application of knowledge
4) After 2000, rapid economic growth continued for the high-growth Asian economies.
Answer: FALSE
Topic: Population, Income, and Economic Growth
Difficulty: Easy
Objective: LO 16.1 List four general characteristics of success in the export-oriented East Asian
economies.
AACSB: Application of knowledge
5) Name the eight high-growth Asian economies.
Answer: Hong Kong, Indonesia, Japan, Malaysia, Singapore, South Korea, Taiwan, Thailand
Topic: Population, Income, and Economic Growth
Difficulty: Moderate
Objective: LO 16.1 List four general characteristics of success in the export-oriented East Asian
economies.
AACSB: Application of knowledge
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Copyright © 2018 Pearson Education, Inc.
16.3 General Characteristics of Growth
1) The experience of the high-growth Asian economies has brought attention to predictions about
income inequality made by Kuznets. He predicted that at first income inequality would
________ as economies began to develop. In the HPAE's experience, it ________.
A) rise; rose
B) decrease; decreased
C) rise; fell
D) fall; rose
Answer: C
Topic: General Characteristics of Growth
Difficulty: Moderate
Objective: LO 16.1 List four general characteristics of success in the export-oriented East Asian
economies.
AACSB: Application of knowledge
2) Movement of the fast-growing Asian nations through the demographic transition may have
had an impact on growth rates because it
A) reduced expenditures on health care.
B) reduced expenditures on pensions.
C) increased savings.
D) increased consumption relative to GDP.
Answer: C
Topic: General Characteristics of Growth
Difficulty: Moderate
Objective: LO 16.1 List four general characteristics of success in the export-oriented East Asian
economies.
AACSB: Application of knowledge
3) Investment in education in the high-growth Asian economies was ________ in ________.
A) low; primary schools
B) high; primary schools
C) low; primary and secondary schools
D) high; primary and secondary schools
E) high; university education
Answer: D
Topic: General Characteristics of Growth
Difficulty: Easy
Objective: LO 16.1 List four general characteristics of success in the export-oriented East Asian
economies.
AACSB: Application of knowledge
find more resources at oneclass.com
find more resources at oneclass.com
