Which of the Following Best Explains the Success of Japan

question 103

Multiple Choice

Which of the following best explains the success of Japan between the late-1800s and 1930?

• A) It was the result of good fortune and a Western economic policy of laissez-faire.
• B) The Meiji Constitution of 1890 and Japanese resiliency resulted in rapid Japanese development.
• C) Japanese society possessed a heterogeneous character that made industrial progress inevitable.
• D) Militaristic nationalism enabled Japan to achieve advances that would have been impossible under a more liberal system.
• E) Japan received continuous strong backing from Russia and China.

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Definitions:

Pure Monopoly

A market structure where a single seller dominates the market with no close substitutes for the product or service offered.

Oligopoly

A market structure characterized by a few firms dominating the market.

Mutual Interdependence

A situation in an economy where the actions of one participant significantly affect the outcomes of other participants, commonly seen in oligopolistic markets.

Monopolistic Competition

A market structure characterized by many firms offering products or services that are similar but not perfect substitutes, leading to a degree of market power.