I have the answers again but would need to explanations for it.

Q1.

Regional trade Cooperation

Which of the following is NOT considered a disadvantage of regional trade cooperation?

Select one:

a. Policies to settle border disputes may not align with trade facilitation

b. Strong contagion effect as experienced in the Asian financial crisis

c. Cross indebtedness that can slow down member's growth and development

d. Higher intensity of cross border migration

Ans: D

Why is option c cannot be the answer?

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Q2.

Flying Geese Theory

The Flying Geese theory is used to explain

Select one:

a. How Japan revive her economy via her targeted industrialisation policies after World War II

b. The importance of emulative learning among the economies, though operating at different states of growth but can grow along the ladder of economic development

c. How large size economies can be a good example to demonstrate the use of effective growth policies

d. How the poor developing countries can catch up with the rich developed countries

Ans: B Why option A cannot be the answer?

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Q3.

East Asia Miracle

Which of the following is not a common feature amongst the successful East Asia economies in their development stage between 1960s to 1990s?

Select one:

a. Levy high tariffs on all goods to protect the local firms

b. High domestic savings rate

c. Low inflation

d. Use a mix of import substituting as well as export oriented policies

Ans: A

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Q4.

Japan Keiretsu

Vertical keiretsu differs from horizontal keiretsu where

Select one:

a. Vertical Keiretsu are linked to government who would fund their operations

b. Horizontal Keiretsu operates in a export process zone

c. Vertical Keiretsu consists of many firms centred around a major manufacturer to provide subcontracting services

d. Horizontal Keiretsu involces joint ventures with foreign firms

Ans: C

Why cannot be option D?

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Q5.

Japan Economic success

Which of the following does not describe the efficient management system that Japanese firms adopt?

Select one:

a. Total Quality Control where corrective measure are built into the production process thus there is low level of defects

b. Incentives-driven style where firms and workers are motivated by high profitability and wages to raise their productivity

c. Just in Time processing where firms aim to reduce wastage with holding minimal inventory of both parts and final goods

d. Kanban system where the systems aims for zero defect movement with large firms helping small firms to adopt improved work methods

Ans: B

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Q6. Japan lost decade

Which of the following describe Japan's lost decade

Select one:

a. Aftermath of the burst of asset bubble leaving firms, banks and individuals bankrupt

b. All the given options

c. Lost of comparative advantage to Newly industralised countries like Malaysia, Thailand, China

d. High pessimism of firms and consumers

Ans: B

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Q7.

Japan bubble burst

Which of the following can describe the Japan economy before the asset bubble burst in the late 1980s?

Select one:

a. High unemployment and high bankruptcy

b. Low trade against GDP with high protectionism

c. Strong trade with a strong Japanese yen and availability of cheap loans

d. High capital outflows to invest in overseas real state

Ans: C

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Q8.

Japan FDI Outflow

Which of the following cannot explain why Japan has substantial FDI outflow in the 1980s to many Asia countries?

Select one:

a. Strong Japanese Yen

b. High government taxes

c. Rising wages in Japan erodes her export competitiveness

d. Asian Economies are better and atrractive production grounds

Ans: B