The High Correlation Between Rapid Growth in Exports and Rapid

question 8

Multiple Choice

The high correlation between rapid growth in exports and rapid economic growth observed in several East Asia countries in recent decades

• A) proves that export promoting trade policy leads to relatively rapid economic growth.
• B) proves that a free-trade orientation of trade policy results in rapid economic growth.
• C) proves that exports help growth, whereas imports impede growth.
• D) proves that trade policy is the most important policy area for promotion of economic development.
• E) does not prove that trade liberalization always leads to rapid economic growth.