According to a 1993 world bank report, east asian economic growth in the late twentieth century was due, in part, to a. educational programs focused on free higher education. b. relatively weak laissez-faire government policies. c. strong governments that maintained business stability. d. governments that favored import substitution over export competitiveness.

Which of the following statements best describes the quantity theory of inflation? a.inflation occurs because production cost rise and this cost increase is passed on to consumers in the form of higher prices b. inflation occurs because there is too much money in the economy c. inflation occurs because demand of good and services exceeds existing supplies d. none of these