The most industrialized country in Asia is ?
Correct answer: A. Japan
- A. Japan
- B. South Korea
- C. Taiwan
- D. Malaysia
Explanation
Japan is generally regarded as Asia’s most industrialized country because of its advanced manufacturing base, technology and highly developed infrastructure. South Korea and Taiwan are also highly industrialized, but Japan is the standard answer.
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The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
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