Question 1

Which country has been identified by the Department of Commerce as a BEM (big emerging market)?

Accepted Answer

A)  Philippines 
B)  Egypt 
C)  Venezuela 
D)  Mexico 
E)  Nicaragua 
A)  Philippines 
B)  Egypt 
C)  Venezuela 
D)  Mexico 
E)  Nicaragua

Question 2

What is true about NAFTA?

Accepted Answer

A)  It allows the use of standards and technical regulations as obstacles to trade. 
B)  It was ratified and became effective in the year 2000. 
C)  It prohibits U.S. and Canadian financial institutions to open wholly owned subsidiaries in Mexico. 
D)  Its provisions require goods to contain minimum of 10% North American content to be traded duty free. 
E)  Its provisions require Canada, Mexico, and the United States to implement uniform customs procedures and regulations. 
A)  It allows the use of standards and technical regulations as obstacles to trade. 
B)  It was ratified and became effective in the year 2000. 
C)  It prohibits U.S. and Canadian financial institutions to open wholly owned subsidiaries in Mexico. 
D)  Its provisions require goods to contain minimum of 10% North American content to be traded duty free. 
E)  Its provisions require Canada, Mexico, and the United States to implement uniform customs procedures and regulations.

Question 3

What is true of privatization of state-owned enterprises?

Accepted Answer

A)  It leads to a decline in productivity throughout the private sector. 
B)  It was done in order to stop the drain on national budgets due to inefficient state-owned enterprises. 
C)  It blocks capital mobility to strategic areas. 
D)  It leads to a change in political leadership. 
E)  It acts as a setback to the process of modernization. 
A)  It leads to a decline in productivity throughout the private sector. 
B)  It was done in order to stop the drain on national budgets due to inefficient state-owned enterprises. 
C)  It blocks capital mobility to strategic areas. 
D)  It leads to a change in political leadership. 
E)  It acts as a setback to the process of modernization.

Question 4

Which country was involved in the formation of the free trade group Mercosur?

Accepted Answer

A)  Australia 
B)  China 
C)  Argentina 
D)  Russia 
E)  Thailand 
A)  Australia 
B)  China 
C)  Argentina 
D)  Russia 
E)  Thailand

Question 5

Under the United Nations' stages of economic development for classifying countries with respect to levels of industrialization, Brazil falls under the group of more-developed countries (MDCs).

Accepted Answer

A) True 
 B)False

Question 6

Describe the origin and purpose of Mercosur and its role in improving trade associations among American nations.

Accepted Answer

Mercosur includes Argentina, Bolivia, Br

Question 7

A country that is industrially underdeveloped, agrarian, has a subsistence society with rural populations, and has extremely low per capita income levels falls under the category of

Accepted Answer

A)  first world countries. 
B)  least-developed countries. 
C)  less-developed countries. 
D)  newly industrialized countries. 
E)  frontier markets. 
A)  first world countries. 
B)  least-developed countries. 
C)  less-developed countries. 
D)  newly industrialized countries. 
E)  frontier markets.

Question 8

The quality of an infrastructure directly affects a country's economic growth potential.

Accepted Answer

A) True 
 B)False

Question 9

The trend toward privatization is occurring in industrialized as well as in developing countries.

Accepted Answer

A) True 
 B)False

Question 10

What is true of state ownership in Latin America?

Accepted Answer

A)  Privatization of state-owned enterprises blocked the release of immediate capital to invest in strategic areas. 
B)  State ownership is the most ideal engine for economic growth. 
C)  Privatization of state-owned enterprises continually drained the future national resources. 
D)  State ownership has resulted in complicated and unpredictable regulatory environments. 
E)  State ownership has consistently resulted in the inclusion of foreign and domestic private ownership, and the formation of efficient public companies. 
A)  Privatization of state-owned enterprises blocked the release of immediate capital to invest in strategic areas. 
B)  State ownership is the most ideal engine for economic growth. 
C)  Privatization of state-owned enterprises continually drained the future national resources. 
D)  State ownership has resulted in complicated and unpredictable regulatory environments. 
E)  State ownership has consistently resulted in the inclusion of foreign and domestic private ownership, and the formation of efficient public companies.

Question 11

Haiti is a member of

Accepted Answer

A)  CARICOM. 
B)  NAFTA. 
C)  CFTA. 
D)  LAIA. 
E)  Mercosur. 
A)  CARICOM. 
B)  NAFTA. 
C)  CFTA. 
D)  LAIA. 
E)  Mercosur.

Question 12

A more developed economy tends to have fewer types of marketing functions that are needed.

Accepted Answer

A) True 
 B)False

Question 13

One of the most important aspects of the Latin American Integration Association (LAIA) that differs from LAFTA, its predecessor, is the differential treatment of member countries according to their level of economic development.

Accepted Answer

A) True 
 B)False

Question 14

The liberalization of trade and investment policies in developing countries have little impact on the way countries will trade and prosper in the 21st century.

Accepted Answer

A) True 
 B)False

Question 15

Dynamic economies differ from static economies in that dynamic economies

Accepted Answer

A)  need not match marketing efforts with the market needs and wants. 
B)  have rapidly changing consumption patterns. 
C)  have a highly predictable and loyal consumer base. 
D)  define marketing as typically nothing more than a supply effort. 
E)  do not require a marketer to be prepared for economic shifts and emerging markets. 
A)  need not match marketing efforts with the market needs and wants. 
B)  have rapidly changing consumption patterns. 
C)  have a highly predictable and loyal consumer base. 
D)  define marketing as typically nothing more than a supply effort. 
E)  do not require a marketer to be prepared for economic shifts and emerging markets.

Question 16

Chile is a newly industrialized country. As such, it has per capita incomes lower than LDCs.

Accepted Answer

A) True 
 B)False

Question 17

The DR-CAFTA includes a wide array of tariff reductions aimed at increasing trade and employment.

Accepted Answer

A) True 
 B)False

Question 18

Explain how the Internet impacts economic development in emerging economies.

Accepted Answer

The Internet cuts transaction costs and

Question 19

Poland has been identified as a big emerging market by the Department of Commerce.

Accepted Answer

A) True 
 B)False

Question 20

The long-term goal of the LAIA (Latin American Integration Association), better known by its Spanish acronym, ALADI, is to

Accepted Answer

A)  improve the literacy levels in member countries. 
B)  reduce the child mortality rates in member countries. 
C)  establish a Latin American common market. 
D)  establish a common currency for all its member countries. 
E)  standardize the industrial production in the member countries. 
A)  improve the literacy levels in member countries. 
B)  reduce the child mortality rates in member countries. 
C)  establish a Latin American common market. 
D)  establish a common currency for all its member countries. 
E)  standardize the industrial production in the member countries.

Which country has been identified by the Department of Commerce as a BEM (big emerging market)?

What is true about NAFTA?

What is true of privatization of state-owned enterprises?

Which country was involved in the formation of the free trade group Mercosur?

Under the United Nations' stages of economic development for classifying countries with respect to levels of industrialization, Brazil falls under the group of more-developed countries (MDCs).

Describe the origin and purpose of Mercosur and its role in improving trade associations among American nations.

A country that is industrially underdeveloped, agrarian, has a subsistence society with rural populations, and has extremely low per capita income levels falls under the category of

The quality of an infrastructure directly affects a country's economic growth potential.

The trend toward privatization is occurring in industrialized as well as in developing countries.

What is true of state ownership in Latin America?

Haiti is a member of

A more developed economy tends to have fewer types of marketing functions that are needed.

One of the most important aspects of the Latin American Integration Association (LAIA) that differs from LAFTA, its predecessor, is the differential treatment of member countries according to their level of economic development.

The liberalization of trade and investment policies in developing countries have little impact on the way countries will trade and prosper in the 21st century.

Dynamic economies differ from static economies in that dynamic economies

Chile is a newly industrialized country. As such, it has per capita incomes lower than LDCs.

The DR-CAFTA includes a wide array of tariff reductions aimed at increasing trade and employment.

Explain how the Internet impacts economic development in emerging economies.

Poland has been identified as a big emerging market by the Department of Commerce.

The long-term goal of the LAIA (Latin American Integration Association), better known by its Spanish acronym, ALADI, is to

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

Which country has been identified by the Department of Commerce as a BEM (big emerging market)?

What is true about NAFTA?

What is true of privatization of state-owned enterprises?

Which country was involved in the formation of the free trade group Mercosur?

Under the United Nations' stages of economic development for classifying countries with respect to levels of industrialization, Brazil falls under the group of more-developed countries (MDCs).

Describe the origin and purpose of Mercosur and its role in improving trade associations among American nations.

A country that is industrially underdeveloped, agrarian, has a subsistence society with rural populations, and has extremely low per capita income levels falls under the category of

The quality of an infrastructure directly affects a country's economic growth potential.

The trend toward privatization is occurring in industrialized as well as in developing countries.

What is true of state ownership in Latin America?

Haiti is a member of

A more developed economy tends to have fewer types of marketing functions that are needed.

One of the most important aspects of the Latin American Integration Association (LAIA) that differs from LAFTA, its predecessor, is the differential treatment of member countries according to their level of economic development.

The liberalization of trade and investment policies in developing countries have little impact on the way countries will trade and prosper in the 21st century.

Dynamic economies differ from static economies in that dynamic economies

Chile is a newly industrialized country. As such, it has per capita incomes lower than LDCs.

The DR-CAFTA includes a wide array of tariff reductions aimed at increasing trade and employment.

Explain how the Internet impacts economic development in emerging economies.

Poland has been identified as a big emerging market by the Department of Commerce.

The long-term goal of the LAIA (Latin American Integration Association), better known by its Spanish acronym, ALADI, is to

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