Ss 3 CA eco

Physical capital refers to

• The money owned by individual

• Tangible assets used in production

• The skills of workers

• Natural resources of a country

Which of the following is not a form of physical capital?

• Machine

• Building

• Road

• Education

The Asian Tigers maintained macroeconomic stability by

• Printing more money

• Controlling inflation and maintaining low debt

• Baning foreign trade

• Increasing subsidies

The governments of the Asian Tigers played a major role by

• Providing direction and economic planning

• Allowing total economic freedom

• Depending solely on the private sector

• Discouraging exports

An important factor in the Asian Tigers’ industrial success was

• Low productivity

• High government control of industries

• Technology and innovation

• Poor labor relations

Human capital can depreciate due to

• Training and re-training

• Illness, ageing or lack of education

• Population control

• Higher wages

Which of the following is an indicator of human capital quality?

• Exchange rate

• Inflation rate

• Literacy rate

• Import level

The ultimate goal of human capital development is to

• Increase government revenue

• Improve living standards and productivity

• Expand population size

• Create more taxes

The term Asian Tigers refers to

• China, Japan, India, and Thailand
  

• Malaysia,Indonesia, Vietnam, and Laos
  

• Japan,Philippines, Nepal, and Bhutan

• Singapore, South Korea, Hong Kong, and Taiwan

Brain drain can lead to one of the following:

• Shortage of skilled workers
  

• Increase in domestic production

• Decrease in unemployment

• Higher literacy rate