Question 1

More household money goes for ________ in emerging markets than in developed markets.

Accepted Answer

A)  housing 
B)  durable goods 
C)  food 
D)  leisure 
E)  education 
A)  housing 
B)  durable goods 
C)  food 
D)  leisure 
E)  education

Question 2

Mercosur is the largest common-market agreement in the Americas.

Accepted Answer

A) True 
 B)False

Question 3

According to the United Nations' stages of economic development for classifying countries based on levels of industrialization, Canada falls under the category of ________ countries.

Accepted Answer

A)  Third World 
B)  least-developed 
C)  more-developed 
D)  less-developed 
E)  pre-emerging 
A)  Third World 
B)  least-developed 
C)  more-developed 
D)  less-developed 
E)  pre-emerging

Question 4

According to the UN classification, industrially developing countries just entering world trade with relatively low per capita incomes are referred to as less-developed countries.

Accepted Answer

A) True 
 B)False

Question 5

Economic growth is measured solely in economic goals.

Accepted Answer

A) True 
 B)False

Question 6

What accounts for the lion's share of Mercosur exports to Europe?

Accepted Answer

A)  clothing and apparel 
B)  telecommunication equipment 
C)  consumer durables 
D)  petroleum and minerals 
E)  agricultural and agro-industrial products 
A)  clothing and apparel 
B)  telecommunication equipment 
C)  consumer durables 
D)  petroleum and minerals 
E)  agricultural and agro-industrial products

Question 7

Of the three kinds of distances that international marketers must traverse, time zones have the greatest influence on the success of their commercial efforts abroad.

Accepted Answer

A) True 
 B)False

Question 8

_________ is a free trade group that includes 200 million people, and was formed by Argentina, Brazil, Paraguay, and Uruguay.

Accepted Answer

A)  NAFTA 
B)  Caricom 
C)  Mercosur 
D)  SACU 
E)  DR-CAFTA 
A)  NAFTA 
B)  Caricom 
C)  Mercosur 
D)  SACU 
E)  DR-CAFTA

Question 9

When countries sell off state-owned enterprises and privatize them, it usually results in a(n)

Accepted Answer

A)  lack of accommodation of outside investors. 
B)  decline in productivity throughout the private sector. 
C)  increase in modernization by new investors. 
D)  instant change in political leadership. 
E)  continuing drain on future natural resources. 
A)  lack of accommodation of outside investors. 
B)  decline in productivity throughout the private sector. 
C)  increase in modernization by new investors. 
D)  instant change in political leadership. 
E)  continuing drain on future natural resources.

Question 10

What key provision of NAFTA restricts Japan from assembling autos in Mexico and avoiding U.S. or Canadian tariffs and quotas, unless the auto had a specific percentage of Mexican (i.e., North American) content?

Accepted Answer

A)  services 
B)  standards 
C)  rules of origin 
D)  uniform customs procedures 
E)  government procurement 
A)  services 
B)  standards 
C)  rules of origin 
D)  uniform customs procedures 
E)  government procurement

Question 11

What is a characteristic impact of privatization of state-owned enterprises?

Accepted Answer

A)  It normally has a negative effect on economic growth. 
B)  It blocks investment of capital in strategic areas. 
C)  It often leads to new economic growth. 
D)  It results in a draining of the future national resources. 
E)  It brings about a political shift in the country. 
A)  It normally has a negative effect on economic growth. 
B)  It blocks investment of capital in strategic areas. 
C)  It often leads to new economic growth. 
D)  It results in a draining of the future national resources. 
E)  It brings about a political shift in the country.

Question 12

According to Jagdish Sheth, rather than diffusion of innovations, the focus of new product development should be on affordability and accessibility.

Accepted Answer

A) True 
 B)False

Question 13

High transaction costs associated with the use of the Internet prevent smaller firms in emerging countries from selling into a global market.

Accepted Answer

A) True 
 B)False

Question 14

Which of the following treaties provided the legal basis for Mercosur?

Accepted Answer

A)  Treaty of Verdun 
B)  Treaty of Asunción 
C)  Treaty of Westphalia 
D)  Treaty of Versailles 
E)  Treaty of Montevideo 
A)  Treaty of Verdun 
B)  Treaty of Asunción 
C)  Treaty of Westphalia 
D)  Treaty of Versailles 
E)  Treaty of Montevideo

Question 15

What is true about the activities of foreign investors in developing countries?

Accepted Answer

A)  Foreign investors are seen as vital partners in economic development. 
B)  Today, most developing countries have more conservative attitudes toward foreign investments than before. 
C)  Foreign firms are expropriated and charged with excessively high tariffs and quotas by all developing countries. 
D)  Foreign businesses are generally not allowed to raise money by means of shares in developing countries. 
E)  Foreign investment is banned in most developing countries. 
A)  Foreign investors are seen as vital partners in economic development. 
B)  Today, most developing countries have more conservative attitudes toward foreign investments than before. 
C)  Foreign firms are expropriated and charged with excessively high tariffs and quotas by all developing countries. 
D)  Foreign businesses are generally not allowed to raise money by means of shares in developing countries. 
E)  Foreign investment is banned in most developing countries.

Question 16

The transitional sector differs from the modern urban sector in that the transitional sector

Accepted Answer

A)  is an exclusively agriculture-oriented sector. 
B)  consists of population that works in the countryside. 
C)  consists of an expanding Westernized middle class. 
D)  represents the high-income urban slums. 
E)  consists of population that moves from the country to the large cities. 
A)  is an exclusively agriculture-oriented sector. 
B)  consists of population that works in the countryside. 
C)  consists of an expanding Westernized middle class. 
D)  represents the high-income urban slums. 
E)  consists of population that moves from the country to the large cities.

Question 17

Country A is a developing country that has a significant population and represents a sizable market for a wide range of products. It has a strong growth rate and is considered a regional economic driver. Based on this information, Country A can be classified as a ________ market.

Accepted Answer

A)  grey 
B)  big emerging 
C)  two-sided 
D)  frontier 
E)  niche 
A)  grey 
B)  big emerging 
C)  two-sided 
D)  frontier 
E)  niche

Question 18

________ is an economy's arbitrator between productive capacity and consumer demand.

Accepted Answer

A)  Warehousing 
B)  Marketing 
C)  Convergence 
D)  Procurement 
E)  Outsourcing 
A)  Warehousing 
B)  Marketing 
C)  Convergence 
D)  Procurement 
E)  Outsourcing

Question 19

Big emerging markets are of major political importance within their regions.

Accepted Answer

A) True 
 B)False

Question 20

Which country announced that it would seek free trade with the United States shortly after the ratification of the United States-Canada Free Trade Area (CFTA)?

Accepted Answer

A)  Germany 
B)  Australia 
C)  Mexico 
D)  The United Kingdom 
E)  China 
A)  Germany 
B)  Australia 
C)  Mexico 
D)  The United Kingdom 
E)  China

More household money goes for ________ in emerging markets than in developed markets.

Mercosur is the largest common-market agreement in the Americas.

According to the United Nations' stages of economic development for classifying countries based on levels of industrialization, Canada falls under the category of ________ countries.

According to the UN classification, industrially developing countries just entering world trade with relatively low per capita incomes are referred to as less-developed countries.

Economic growth is measured solely in economic goals.

What accounts for the lion's share of Mercosur exports to Europe?

Of the three kinds of distances that international marketers must traverse, time zones have the greatest influence on the success of their commercial efforts abroad.

_________ is a free trade group that includes 200 million people, and was formed by Argentina, Brazil, Paraguay, and Uruguay.

When countries sell off state-owned enterprises and privatize them, it usually results in a(n)

What key provision of NAFTA restricts Japan from assembling autos in Mexico and avoiding U.S. or Canadian tariffs and quotas, unless the auto had a specific percentage of Mexican (i.e., North American) content?

What is a characteristic impact of privatization of state-owned enterprises?

According to Jagdish Sheth, rather than diffusion of innovations, the focus of new product development should be on affordability and accessibility.

High transaction costs associated with the use of the Internet prevent smaller firms in emerging countries from selling into a global market.

Which of the following treaties provided the legal basis for Mercosur?

What is true about the activities of foreign investors in developing countries?

The transitional sector differs from the modern urban sector in that the transitional sector

Country A is a developing country that has a significant population and represents a sizable market for a wide range of products. It has a strong growth rate and is considered a regional economic driver. Based on this information, Country A can be classified as a ________ market.

________ is an economy's arbitrator between productive capacity and consumer demand.

Big emerging markets are of major political importance within their regions.

Which country announced that it would seek free trade with the United States shortly after the ratification of the United States-Canada Free Trade Area (CFTA)?

The Scope and Challenge of International Marketing

The Dynamic Environment of International Trade

History and Geography: the Foundations of Culture

Cultural Dynamics in Assessing Global Markets

Culture, Management Style, and Business Systems

The Political Environment: a Critical Concern

The International Legal Environment: Playing by the Rules

Developing a Global Vision Through Marketing Research

Europe, Africa, and the Middle East

The Asia Pacific Region

Global Marketing Management: Planning and Organization

Products and Services for Consumers

Products and Services for Businesses

International Marketing Channels

Integrated Marketing Communications and International Advertising

Personal Selling and Sales Management

Pricing for International Markets

Inventive Negotiations With International Customers, Partners, and Regulators

Filters

Exam 9: Economic Development and the Americas

More household money goes for ________ in emerging markets than in developed markets.

Mercosur is the largest common-market agreement in the Americas.

According to the United Nations' stages of economic development for classifying countries based on levels of industrialization, Canada falls under the category of ________ countries.

According to the UN classification, industrially developing countries just entering world trade with relatively low per capita incomes are referred to as less-developed countries.

Economic growth is measured solely in economic goals.

What accounts for the lion's share of Mercosur exports to Europe?

Of the three kinds of distances that international marketers must traverse, time zones have the greatest influence on the success of their commercial efforts abroad.

_________ is a free trade group that includes 200 million people, and was formed by Argentina, Brazil, Paraguay, and Uruguay.

When countries sell off state-owned enterprises and privatize them, it usually results in a(n)

What key provision of NAFTA restricts Japan from assembling autos in Mexico and avoiding U.S. or Canadian tariffs and quotas, unless the auto had a specific percentage of Mexican (i.e., North American) content?

What is a characteristic impact of privatization of state-owned enterprises?

According to Jagdish Sheth, rather than diffusion of innovations, the focus of new product development should be on affordability and accessibility.

High transaction costs associated with the use of the Internet prevent smaller firms in emerging countries from selling into a global market.

Which of the following treaties provided the legal basis for Mercosur?

What is true about the activities of foreign investors in developing countries?

The transitional sector differs from the modern urban sector in that the transitional sector

Country A is a developing country that has a significant population and represents a sizable market for a wide range of products. It has a strong growth rate and is considered a regional economic driver. Based on this information, Country A can be classified as a ________ market.

________ is an economy's arbitrator between productive capacity and consumer demand.

Big emerging markets are of major political importance within their regions.

Which country announced that it would seek free trade with the United States shortly after the ratification of the United States-Canada Free Trade Area (CFTA)?

The Scope and Challenge of International Marketing

The Dynamic Environment of International Trade

History and Geography: the Foundations of Culture

Cultural Dynamics in Assessing Global Markets

Culture, Management Style, and Business Systems

The Political Environment: a Critical Concern

The International Legal Environment: Playing by the Rules

Developing a Global Vision Through Marketing Research

Europe, Africa, and the Middle East

The Asia Pacific Region

Global Marketing Management: Planning and Organization

Products and Services for Consumers

Products and Services for Businesses

International Marketing Channels

Integrated Marketing Communications and International Advertising

Personal Selling and Sales Management

Pricing for International Markets

Inventive Negotiations With International Customers, Partners, and Regulators

Filters