The Development of Countries Like South Korea and Singapore Has

question 24

Multiple Choice

The development of countries like South Korea and Singapore has been underlaid by all of the following EXCEPT

• A) high domestic interest rates.
• B) r&d and product innovation.
• C) education and on-the-job training.
• D) high levels of saving and investment.

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Definitions:

Above-Average Levels

Above-average levels refer to performance, qualities, or quantities that exceed the normal or expected benchmark or median.

Complex Ideas

Ideas that are composed of many different elements or aspects, often requiring deep thought or extensive knowledge to understand.

Incubate

To provide a controlled environment for the growth or development of organisms, ideas, or diseases.

Creativity

The ability to produce original and valuable ideas or objects.