Question 1
Most of China's recent growth has been fueled by ________, and most of India's recent growth has been fueled by ________.
◦ manufacturing; services
◦ services; manufacturing
◦ manufacturing; manufacturing
◦ services; services
Question 2
Related to the
Economics in Practice on page 707: In Indonesia, children and allies of President Suharto were affiliated with many companies. When Suharto unexpectedly fell ill, the stock prices of these companies dropped significantly, suggesting that
◦ these companies thrived under President Suharto despite their connection with Suharto's allies and relatives.
◦ later regimes in Indonesia will be more concerned about economic efficiency and less corrupt.
◦ President Suharto's removal from power was based not only on illness but also on concern over corruption.
◦ investor opinion of many of these firms was based on their connections with President Suharto and not the economic efficiency of those companies.
That page...
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