The Common Traits Shared by the Newly Industrializing Economies of the Pacific

question 78

Multiple Choice

The common traits shared by the newly industrializing economies of the Pacific Rim that have experienced rapid economic growth include

• A) export-oriented strategies and subsidized private production of most goods and services.
• B) agriculture-oriented growth strategies and government production of most goods and services.
• C) export-oriented growth strategies and limited the role of governments mainly to infrastructure and institutional development and enforcement of laws.
• D) emphasis on the quantity of output rather than the quality and a large public sector.

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Definitions:

Tort Law

The area of law that deals with civil wrongs causing harm or injury to individuals or their property, where the injured party can seek compensation.

Federal Law

Legislation that is enacted by the national government and applies throughout the country, overriding state and local laws where there is conflict.

Public Nuisance

An act or omission that obstructs, damages, or inconveniences the rights of the community or public.

Unreasonable Manner

Acting or behaving in a way that is not sensible, fair, or rational, often leading to negative consequences or judgments.