With a Few Exceptions,famine No Longer Seems to Be a Threat

question 31

Multiple Choice

With a few exceptions,famine no longer seems to be a threat in Asia; however,this country marks a clear exception to that premise:

• A) China.
• B) Vietnam.
• C) North Korea.
• D) Laos.

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Definitions:

New Classical View

An economic theory that emphasizes the importance of supply-side factors, rational expectations, and market-clearing prices.

Fiscal Policy

Government adjustment of its spending levels and tax rates to monitor and influence a nation's economy.

Government Spending

The total amount of public sector expenditure, including spending on infrastructure, healthcare, education, and defense by the government.

GDP

Gross Domestic Product, the total market value of all finished goods and services produced within a country in a given period.