A change in demographic pattern of many Asia economies (with the falling birth rate with a rise in aging population) is of economic concern as it Select one: O a. Suggest lower level of future consumption and investment level in the country and slow down economic growth. O b. Will affect the poverty level in the country. Oc Will affect the government's budget with a prospect of a growing surplus. O d. Will increase the dependency ratio and result in greater employment. During the first twenty-five years after World War II, successful industrialization occurred in Korea and Taiwan where both economies shared similar development paths where both economies Select one: O a. adopt high protectionism on both its exporting and importing sectors. O b. initially developed the labour intensive industries in the primary sector then switched to the more capital intensive industries. Oc has a sizable domestic market thus production concentrates on meeting domestic needs. O d. receive large foreign aid from Japan.

A change in demographic pattern of many Asia economies (with the falling birth rate with a rise in aging population) is of economic concern as it Select one: O a. Suggest lower level of future consumption and investment level in the country and slow down economic growth. O b. Will affect the poverty level in the country. Oc Will affect the government's budget with a prospect of a growing surplus. O d. Will increase the dependency ratio and result in greater employment. During the first twenty-five years after World War II, successful industrialization occurred in Korea and Taiwan where both economies shared similar development paths where both economies Select one: O a. adopt high protectionism on both its exporting and importing sectors. O b. initially developed the labour intensive industries in the primary sector then switched to the more capital intensive industries. Oc has a sizable domestic market thus production concentrates on meeting domestic needs. O d. receive large foreign aid from Japan.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter20: Economic Growth

Section: Chapter Questions

Problem 12SCQ: Why dues productivity growth in high-income economies not slow down as it runs into diminishing...

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