Title: Cat for Lesson 4 - Japan
Course: 383-303-FD-55-01 • International Economics

Test info catégorie

Q: Question

For the period from 1955 to 1973, indicate whether each of the following statements is true or false.

Sélectionnez la bonne réponse pour chaque énoncé.

The Japanese workforce is recognized as being docile, highly skilled and stable.[...] Japan's priority was to develop its heavy industries.[...] The engine of the Japanese economy is the export market.

[...] Newly arrived rural people in urban centres adopt Western-style consumption patterns.[...] Major infrastructures, such as roads, highways, airports, ports and aqueduct systems, are constructed.[...] The government develops an industrial policy that specifies which sectors must be priorities for private enterprise.[...] The MITI helps companies with financial difficulties in order to minimize layoffs.

[...] The SME sector is heavily dependent on the big business sector for its survival.[...] There is little Japanese presence at international trade fairs because they do not want to trigger negative feelings against themselves.[...] The Japanese astutely disassemble German or American gadgets and then make and sell cheaper copies.[...]
A: Vrai; Vrai; Faux; Vrai; Vrai; Vrai; Faux; Vrai; Vrai; Vrai
Gap 1 offers: Vrai; Faux
Gap 2 offers: Vrai; Faux
Gap 3 offers: Vrai; Faux
Gap 4 offers: Vrai; Faux
Gap 5 offers: Vrai; Faux
Gap 6 offers: Vrai; Faux
Gap 7 offers: Vrai; Faux
Gap 8 offers: Vrai; Faux
Gap 9 offers: Vrai; Faux
Gap 10 offers: Vrai; Faux

Q: Question

For the period from 1973 to 1989, indicate whether each of the following statements is true or false.

Sélectionnez la bonne réponse pour chaque énoncé.

The workforce is as outstanding and the productivity is as efficient as in the previous period.[...] Japan has very high customs duties to protect its domestic market.
[...] The goods distribution market is organized to make competition difficult.[...] Japan reacts appropriately to the first oil crisis in 1973 and does relatively well by redirecting its industries toward less energy-intensive sectors.[...] Japan establishes itself as a financial power and Japanese capital is used to finance a large portion of the U.S. deficit.[...] Japanese car and electronic product exporters enter their glory days.[...] The country is considered a major economic power.[...] Despite large exports in the automobile sector, Japan's trade balance is still in deficit.
[...] In the mid-1980s, the five largest banks in the world were Japanese.[...] The country invested in research and development. As an industrial power, they cannot afford to simply copy the inventions of others.[...]
A: Vrai; Faux; Vrai; Vrai; Vrai; Vrai; Vrai; Faux; Vrai; Vrai
Gap 1 offers: Vrai; Faux
Gap 2 offers: Vrai; Faux
Gap 3 offers: Vrai; Faux
Gap 4 offers: Vrai; Faux
Gap 5 offers: Vrai; Faux
Gap 6 offers: Vrai; Faux
Gap 7 offers: Vrai; Faux
Gap 8 offers: Vrai; Faux
Gap 9 offers: Vrai; Faux
Gap 10 offers: Vrai; Faux

Q: Question

For the period from 1989 to the present, indicate whether each of the following statements is true or false.

Sélectionnez la bonne réponse pour chaque énoncé.

The financial bubble had positive effects on Japan's development.
[...] The sectors that were particularly affected by the financial bubble were consumer goods and the stock market.
[...] The bursting of the financial bubble was profitable for banks.
[...] The appreciation of the Japanese yen between 1991 and 1995 attracted foreign investors.
[...] The deep recession that followed the bursting of the financial bubble was called the Asian Financial Crisis.
[...] To emerge from economic slump of the 1990s, Japan has to consider restructuring its economy and opening it up to foreign competition.[...] The stability of lifetime employment in big business is increasingly questioned.[...] Japan increasingly promoted deregulation in several sectors.[...] At the beginning of the new millennium, Japan had successfully overcome its main financial and economic difficulties.
[...] Globalization of product and capital markets benefits Japan, since it is a major exporting country.[...]
A: Faux; Faux; Faux; Faux; Faux; Vrai; Vrai; Vrai; Faux; Faux
Gap 1 offers: Vrai; Faux
Gap 2 offers: Vrai; Faux
Gap 3 offers: Vrai; Faux
Gap 4 offers: Vrai; Faux
Gap 5 offers: Vrai; Faux
Gap 6 offers: Vrai; Faux
Gap 7 offers: Vrai; Faux
Gap 8 offers: Vrai; Faux
Gap 9 offers: Vrai; Faux
Gap 10 offers: Vrai; Faux

Question

If someone asked you to describe the main characteristics of each of the three main periods of the Japanese economy, how would you answer?

Period from 1955 to 1973
Period from 1973 to 1989
Period from 1989 to present

Entrez votre réponse ci-dessous.
Feedback: Period from 1955 to 1973 - This is the period of the Japanese economic miracle, when annual growth rates of the GDP were more than 13%. - An outstanding workforce was employed in sectors that were considered priorities. - With the arrival of rural people in cities, the domestic market was large enough to achieve mass consumption. - Government intervened through the MITI, which established industrial policies and development priorities, but left it to the private sector to develop these sectors. - The big business sector was closely tied to the SME sector, to which it granted subcontracts. - Trading companies were trade networks that facilitated sales and provided supplies. - The Japanese had a bad reputation for copying others' inventions and making the same goods more cheaply. Period from 1973 to 1989 - Most of the features that led to the economic miracle were still in place during this period: the workforce was now specialized and educated; industrial production was very high; the government intervened and directors were friendly with private enterprise; the Japanese market appeared to be open, but foreign goods had restricted access; and major industry groups supplied each other from their own production. - The 1973 oil crisis forced Japan to redirect its production apparatus towards less energy-intensive technologies. - Investment in research and development enabled the Japanese to be innovators (and no longer copiers). - Japan was a trading and financial power that established itself in the world. Period from 1989 to present - At the end of the 1980s, the rise in the stock market and real estate sectors reached such an overinflated peak that people became scared. - The financial bubble burst, leading to a drop in prices, which were artificially inflated due to speculation. - In addition to the financial and economic problems, there were scandals, mismanagement and ineffective recovery plans. - Japan had difficulty adjusting to globalization and open markets; it had to restructure its economy, but this takes time.
Feedback: Period from 1955 to 1973 - This is the period of the Japanese economic miracle, when annual growth rates of the GDP were more than 13%. - An outstanding workforce was employed in sectors that were considered priorities. - With the arrival of rural people in cities, the domestic market was large enough to achieve mass consumption. - Government intervened through the MITI, which established industrial policies and development priorities, but left it to the private sector to develop these sectors. - The big business sector was closely tied to the SME sector, to which it granted subcontracts. - Trading companies were trade networks that facilitated sales and provided supplies. - The Japanese had a bad reputation for copying others' inventions and making the same goods more cheaply. Period from 1973 to 1989 - Most of the features that led to the economic miracle were still in place during this period: the workforce was now specialized and educated; industrial production was very high; the government intervened and directors were friendly with private enterprise; the Japanese market appeared to be open, but foreign goods had restricted access; and major industry groups supplied each other from their own production. - The 1973 oil crisis forced Japan to redirect its production apparatus towards less energy-intensive technologies. - Investment in research and development enabled the Japanese to be innovators (and no longer copiers). - Japan was a trading and financial power that established itself in the world. Period from 1989 to present - At the end of the 1980s, the rise in the stock market and real estate sectors reached such an overinflated peak that people became scared. - The financial bubble burst, leading to a drop in prices, which were artificially inflated due to speculation. - In addition to the financial and economic problems, there were scandals, mismanagement and ineffective recovery plans. - Japan had difficulty adjusting to globalization and open markets; it had to restructure its economy, but this takes time.