Author Question: The Four Tigers are frequently associated with one another because all have used a. command-type ... (Read 57 times)

lracut11 · **on:** Jun 30, 2018

The Four Tigers are frequently associated with one another because all have used
a. command-type planning to promote rapid economic growth.
b. foreign trade to promote industrialization.
c. high rates of saving and investment.
d. none of the above.
e. b and c are correct

Question 2

Assume that the expectation of declining housing prices cause households to reduce their demand for new houses and the financing that accompanies it. If the nation has highly mobile international capital markets and a flexible exchange rate system, what happens to the GDP price index and the nominal value of the domestic currency in the context of the Three-Sector-Model?
a. The GDP Price Index rises, and nominal value of the domestic currency falls.
b. The GDP Price Index falls, and nominal value of the domestic currency rises.
c. The GDP Price Index falls, and nominal value of the domestic currency falls.
d. There is not enough information to determine what happens to these two macroeconomic variables.
e. The GDP Price Index rises, and nominal value of the domestic currency remains the same.