Which of the following was NOT a common element contributing to the growth of the four "Asian Tigers" between 1966 and 1990?
A. an increase in the labor force participation rate
B. high educational achievement
C. a high savings rate
D. emphasis on laissez-faire economics
E. an increase in total factor productivity achieved by higher levels of inputs
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Between 1966 and 1990, all four "Asian Tigers" achieved economic growth mostly through
A. hard work and sacrifice
B. protecting domestic industries through tariffs
C. substantially increasing growth in total factor productivity
D. controlling population growth
E. a large degree of government intervention
Hong Kong and Singapore achieved high economic growth between 1966 and 1990. Which of the following characteristics did these two countries NOT have in common?
A. a fairly stable government
B. a very low degree of government intervention
C. industries were encouraged to export and compete in world markets
D. increases in labor force participation rates
E. great investments in human capital
The four "Asian Tigers" achieved high economic growth between 1960 and 1990 since they
A. initially protected domestic firms, but then exposed them to foreign competition
B. had very high savings rates
C. had large increases in the labor force participation rates of women
D. increased inputs substantially, although total factor productivity did not increase substantially
E. all of the above
Between 1966 and 1990 Singapore's GDP per capita grew at an average annual rate of 6.8%. During the same time frame its growth rate in total factor productivity was
A. 0.002
B. 0.012
C. 0.022
D. 0.032
E. 0.042
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