Which situation has contributed most recent Japanese economic growth ?
Correct answer: C. The Japanese government and Japanese businesses have cooperated with each other
- A. The Japanese government has place limits on Japanese exports
- B. Japanese industries spend very little on the research and development of new products
- C. The Japanese government and Japanese businesses have cooperated with each other
- D. Japanese citizens save less of their incomes than the citizens of other industrialized nation do
Explanation
Japan’s postwar growth was supported by close cooperation among government agencies, banks and businesses in directing investment and promoting industrial competitiveness. The other choices contradict Japan’s strong export orientation, research spending and high saving rate.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? [email protected]
About Macroeconomics
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.
Practise Macroeconomics
1,499 free Macroeconomics MCQs from Economics, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Discussion
Stuck on an option, or know a faster way to get there? Ask or explain it here.
No comments yet. Be the first to explain this one.
Exams that ask Economics questions like this
Economics is on 3 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Macroeconomics questions
In recent years, which factor has been major reason for the economic tensions between the United States and China ?
Which factor best accounts for the existence of cash-crop production as a major form of agriculture i many central American nations today ?
During the 1980s and 1990s the economic policies of China, supported by Deng Xiaoping have led directly to______________??
A comparison of Japan's policies before 1945 with the policies in effect after 1945 indicates that______________?
Throughout the 1800's Russia was interested in acquiring Turkey mainly because Russia wanted ?
Which condition is a major obstacle to economic development in the Middle East and Northern Africa ?