Economics SS3

What is the primary factor behind the rapid economic growth of the Asian Tigers?

• Natural resources

• Export-led industrialization

• High population

• Political instability

Japan's post-war economic growth was primarily driven by:

• Agriculture

• Technology and innovation

• High importation

• Minimal savings culture

A key lesson from the American economy for developing countries is the importance of:

• Over-reliance on foreign aid

• Entrepreneurship and innovation

• Closed trade policies

• Subsistence farming

What major policy was adopted by the Asian Tigers to enhance their economic growth?

• Export promotion policies

• Import restrictions

• Dependence on natural resources

• Trade isolation

The Asian Tigers' emphasis on education contributed to their:

• Reduction in exports

• Agricultural decline

• Skilled workforce

• Political instability

Human capital development focuses on improving:

• Natural resources

• Infrastructure

• Skills and knowledge of the workforce

• Trade barriers

A country with a high investment in education is likely to experience:

• Increased productivity

• Decreased savings

• High inflation

• Reduced economic growth

The most critical investment for human capital development is:

• Education and health

• Infrastructure

• Military

• Transportation

A major effect of investing in human capital is:

• Increased unemployment

• Higher economic growth

• Decline in innovation

• Increase in natural resources

Which of these enhances human capital development?

• Subsidizing imports

• Vocational training programs

• Restricting foreign investment

• Over-reliance on expatriates