Exam 2: Global Marketplaces and Business Centers

Which country has the highest per capita income in North America?

All European Union member countries share a common currency-the euro.

China has gone through three stages since communist forces took power in 1949. Name these stages and explain how each has affected China's economic power.

What country holds the world's largest land mass?

In Saudi Arabia, oil makes up 90 percent of its total export earnings.

The Middle East is known for its oil-rich countries.

Which country listed below commonly attracts flight capital?

What is the Organization for Economic Cooperation and Development?

Twelve of the 15 Newly Independent States established a forum called the Commonwealth of Independent States.

The prime market for lower-income countries that are trying to raise their living standards through exports is ________.

How have reforms in India and Mexico altered the economies of both countries?

The OECD's 30 members are all classified as high-income countries .

The Korean term, chaebol, refers to ________.

The Republic of China is most commonly known as ________.

Which of the following best explains the success of FloraHolland?

Brampton Industries has a facility in a country that has been designated by the World Bank as middle-income. Which of the following is the most likely location of Brampton's plant?

Executives at Cornwall Industries, a U.S. firm, are considering expanding into Niger. As a manager at the firm you have been given the task of analyzing the advantages and disadvantages of Niger. Which of the following is the most likely problem associated with expanding into Niger?

A policy that attempts to stimulate development of local industry by discouraging imports through tariffs and nontariff barriers is called ________.

Since World War II, India's economic development plan has focused on state ownership of key industries such as power and transportation.

Executives at Oswego Enterprises, a U.S. textile company, are discussing the idea of expanding into the Asian market by opening a facility in Hong Kong. Which of the following is NOT a characteristic of Hong Kong?