Which of the following statements is NOT true?
A) The Japanese economy flourished in the decades after World War II.
B) Japanese GDP has not yet exceeded American GDP.
C) Japan was able to avoid the pitfalls of industrialization experienced by the advanced economies prior to World War II.
D) Japan's economy took off quickly after converting to a free market system.
E) Japan had the world's second largest economy by the 1970s.
Correct Answer:
Verified
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