The Initial Group of Asian Economies That Did Extremely Well

question 43

Multiple Choice

The initial group of Asian economies that did extremely well in the 1970s and 1980s were _________________.

• A) Thailand, Japan, South Korea, and Hong Kong
• B) South Korea, Taiwan, Hong Kong, and Singapore
• C) China, Indonesia, Taiwan, and Thailand
• D) Malaysia, Thailand, Vietnam, and China
• E) China, South Korea, Taiwan, and Japan

---

Definitions:

Budget Constraint

A budget constraint represents the limitations on the spending choices of an individual or organization, determined by their income and the prices of goods and services.

Bell Peppers

Edible fruits of plants in the Capsicum genus, often used as vegetables in cooking for their mild flavor and vibrant colors.

Budget Constraint

The maximum range of goods and services a consumer is able to purchase, determined by their income and the cost of these goods and services.

Income

The money received by individuals or entities, typically in the form of wages, salaries, or various types of investments returns.