Japan’s Export

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Also note: I used this question 2 years ago, but have dropped it because I decided it involved too much drawing (I. E. Takes too much time) for a dieter exam.But I might include something else that involves a diagram. (4 points) Is your answer to a) contingent on Japanese consuming more of both silk and cotton? Oust yes or no is sufficient) NO. [Note that as drawn, I show the new equilibrium with lower silk consumption than under no trade. But the society is still better off because it can consume so much more cotton that it is willing to give up some consumption of silk. Better off’ is implicit in the fact that the society has moved too higher indifference curve.

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] (4 points)Suppose I had chosen rice as Japan’s export good instead of raw silk (rice prices fell by 20 percent). How would that have affected your answer? The only difference would be that the slope of the price curve would not change as much, but it would still change in the same way (I. E.

The slope would be steeper than without trade) because the price of rice goes down less than the price of cotton. During the Outgas Period, there was an important policy called Gaskin- Cotta. What was it? What kind of impact on the economy did it have Oust give one example of an economic impact)?The requirement that every dimly live in Eddo very other year, and that their wives and children live in Eddo permanently. Impacts: construction of better roads from all parts of Japan to Eddo, rise of businesses (restaurants, hotels, stables) along these routes, conspicuous consumption by the dimly as they feel the need to travel in style (and the expense of an extra ostentatious dwelling in Eddo), spread of new fashions and other consumption patterns brought back by the dimly to their domains. Name 3 things the Meijer government did to help establish a pro-modernization and institutional framework. Any of the items presented in class would do.

Political stability, banking law, property law, commercial law, public education (both elementary education and creation of national universities, importation of teachers from abroad, dispatch of students abroad, creation of professional bureaucracy with limited corruption, etc. Growth Accounting involves splitting the growth in GAP into 3 components in order to explain how or why economies grow. What are those three components, and during the period from the early asses to 1973, how did each perform (fast, slow, flat, negative ) 3 components: labor, capital, total factor productivity. From asses to 1973 all three grew fast.

In 1929, Mr.. Onion was Minister of Finance. What did he do, and what was the economic consequence over the next 2 years?He put the yen back on the gold standard at an overvalued exchange rate, cut fiscal expenditures, and cut the money supply. Consequence: falling prices (I. E. Fellatio) and stagnant real GAP [But NOT a recession or depression-?that is the common mistake in answering this question] The asses banking crisis caused by the collapse of the stock market and real estate markets festered until a crisis erupted. At that point, the government passed 2 new saws to deal with banks.

What year? What did the two laws do about banks? 1998. 1. Establishment of a legal mechanism to nationalize failed banks, and 2. A [second] round of recapitulating banks. 1.

(2009 Midterm – Class 3 The Opening of Japan) Japan’s largest import in the sass’s was raw cotton. It’s price fell 45 percent. Japan’s largest export in the asses was raw silk. Its price rose 50%.Show using a graph why if these were Japan’s only export good and only import good, this would imply that Japan would nave galena Trot trace. Is your answer to a) contingent on Japanese misusing more of both silk and cotton? Suppose I had chosen rice as Japan’s export good instead of raw silk (rice prices fell by 20 percent). How would that have affected your answer? (2008 Midterm) What is an enterprise union? What is an industrial union? What happened to the relative and absolute membership numbers and shares of these types of unions between 1930 and 1950? What caused the changes you described in c)? But I will also include some questions that involve shorter, simpler answers. Here are a few examples.

After the Meijer Restoration, the new government was faced with establishing an institutional framework to support industrialization. Roughly what tine period was this? List 3 things that the government did during this time period that helped growth. Prior to World War II, there existed a number of large business organizations.

They were called what? Following the Occupation, the re-emerged in a different form. These new organizations were called what? What was the main difference? The Outgas Period can be divided into two sub periods, with growth in the first period higher than in the second. Roughly when was the divide between the two periods.