Describe several components of the institutional environment in the high-growth Asian economies that are critical to their success.
What will be an ideal response?
Question 2 - Based on Scenario 6.1 above, if a tariff of 20 percent is placed on imports of dining room tables, and another tariff of 50 percent is placed on imports of wood and parts, then the effective rate of protection on tables made in the United States is
A) 70 percent.
B) 50 percent.
C) 20 percent.
D) 12.5 percent.
Question 3 - Property rights are relatively secure and free from the threat of nationalization in the high-growth Asian economies.
Indicate whether the statement is true or false
Question 4 - Based on Scenario 6.1 above, if a tariff of 20 percent is placed on imports of dining room tables, the effective rate of protection is
A) 20 percent.
B) 25 percent.
C) 30 percent.
D) 40 percent.
Question 5 - Rent-seeking activities have been a major problem in the high-growth Asian economies and contributed greatly to the Asian financial crisis.
Indicate whether the statement is true or false
Question 6 - Based on Scenario 6.1 above, value added in the United States is
A) 500.
B) 600.
C) 400.
D) 300.
Question 7 - The high-growth Asian economies focused their education spending on the university level to better develop high technology workers.
Indicate whether the statement is true or false
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