Several Factors Have Contributed to East Asia's Unprecedented Growth

question 50

Multiple Choice

Several factors have contributed to East Asia's unprecedented growth.These include all of the following EXCEPT

• A) U.S. economic and military subsidies.
• B) a switch from export promotion to import substitution.
• C) the Confucian culture dedicated to learning.
• D) a government shift to export promotion.
• E) protectionism of Japan.

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Definitions:

Profitability Index

A calculation used to assess the profitability and efficiency of an investment or project, computed as the present value of future cash flows divided by the initial investment cost.

Capital Expenditure Appraisal

The process of evaluating and analyzing proposed investments in capital assets, focusing on their potential to generate future benefits and contribute to the firm's objectives.

Net Present Value

The difference between the present value of cash inflows and outflows, used to assess the profitability of an investment or project.

Hurdle Rate

The minimum rate of return on an investment that a company or investor is willing to accept, often used in capital budgeting to evaluate potential investments.