Question 1

Countries that are experiencing rapid economic expansion and industrialization and do not exactly fit as LDCs or MDCs are typically referred to as:

Accepted Answer

A)  LLDCs (least-developed countries) 
B)  KDCs (kinetically-developing countries) 
C)  PDCs (parallel-developed countries) 
D)  NICs (newly industrialized countries) 
E)  RGCs (rapid-growth countries) 
A)  LLDCs (least-developed countries) 
B)  KDCs (kinetically-developing countries) 
C)  PDCs (parallel-developed countries) 
D)  NICs (newly industrialized countries) 
E)  RGCs (rapid-growth countries) D

Question 2

_____ development is generally understood to mean an increase in national production that results in an increase in the average per capita gross domestic product (GDP) or gross national income (GNI).

Accepted Answer

A)  Market 
B)  Export 
C)  Import 
D)  Economic 
E)  Supply 
A)  Market 
B)  Export 
C)  Import 
D)  Economic 
E)  Supply D

Question 3

What are the three categories in which the United Nations classifies a country's stage of economic development on the basis of its level of industrialization?

Accepted Answer

The three categories in which the United Nations classifies a country's stage of economic development on the basis of its level of industrialization are:
- MDCs (more-developed countries). Industrialized countries with high per capita incomes, such as Canada, England, France, Germany, Japan, and the United States.
-LDCs (less-developed countries). Industrially developing countries just entering world trade, many of which are in Asia and Latin America, with relatively low per capita incomes.
-LLDCs (least-developed countries). Industrially underdeveloped, agrarian, subsistence societies with rural populations, extremely low per capita income levels, and little world trade involvement. Such LLDCs are found in Central Africa and parts of Asia. Violence and the potential for violence are often associated with LLDCs.

Question 4

The 2012 Olympics are going to be held in ____.

Accepted Answer

A)  Japan 
B)  China 
C)  Germany 
D)  Brazil 
E)  France 
A)  Japan 
B)  China 
C)  Germany 
D)  Brazil 
E)  France

Question 5

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

Accepted Answer

A) True 
 B)False

Question 6

One analyst suggests that as a country passes the _____ per capita GNP level, people become more brand conscious and forgo many local brands to seek out foreign brands they recognize.

Accepted Answer

A)  $1000 
B)  $2000 
C)  $5000 
D)  $7000 
E)  $8000 
A)  $1000 
B)  $2000 
C)  $5000 
D)  $7000 
E)  $8000

Question 7

Which of the following is a fully industrialized country?

Accepted Answer

A)  Brazil 
B)  Russia 
C)  Germany 
D)  Peru 
E)  Uruguay 
A)  Brazil 
B)  Russia 
C)  Germany 
D)  Peru 
E)  Uruguay

Question 8

Explain the impact of Internet on the economic development.

Accepted Answer

The Internet cuts transaction costs and

Question 9

One of the more important aspects of LAIA that differs from LAFTA, its predecessor, is:

Accepted Answer

A)  the differential treatment of member countries according to their level of economic development. 
B)  the inclusion of rules of origin. 
C)  the exclusion of tariff barrier. 
D)  provision of quotas for the member countries. 
E)  introduction of a common currency for the member countries. 
A)  the differential treatment of member countries according to their level of economic development. 
B)  the inclusion of rules of origin. 
C)  the exclusion of tariff barrier. 
D)  provision of quotas for the member countries. 
E)  introduction of a common currency for the member countries.

Question 10

South Africa is geographically large and represents a sizable market for a wide range of products. It has the potential for significant growth. It is considered as the regional economic driver. Based on this information, South Africa can be classified as a(n) _____.

Accepted Answer

A)  developing market 
B)  big emerging market 
C)  entrepreneurial market 
D)  agrarian market 
E)  less developed market 
A)  developing market 
B)  big emerging market 
C)  entrepreneurial market 
D)  agrarian market 
E)  less developed market

Question 11

Considering the United Nations' stages of economic development presented in the text for classifying countries with respect to levels of industrialization, if a country is industrially underdeveloped, agrarian, and has subsistence society with rural populations and extremely low per capita income levels, the country is in which of the following groups?

Accepted Answer

A)  PDCs (parallel-developed countries) 
B)  LLDCs (least-developed countries) 
C)  LDCs (less-developed countries) 
D)  NICs (newly industrialized countries) 
E)  RGCs (rapid-growth countries) 
A)  PDCs (parallel-developed countries) 
B)  LLDCs (least-developed countries) 
C)  LDCs (less-developed countries) 
D)  NICs (newly industrialized countries) 
E)  RGCs (rapid-growth countries)

Question 12

In which of the following countries the literacy rate is 100 percent?

Accepted Answer

A)  Mexico 
B)  Canada 
C)  Colombia 
D)  Argentina 
E)  Peru 
A)  Mexico 
B)  Canada 
C)  Colombia 
D)  Argentina 
E)  Peru

Question 13

Which of the following countries is a part of the free trade area known as CFTA?

Accepted Answer

A)  France 
B)  Uruguay 
C)  The United States 
D)  Argentina 
E)  Brazil 
A)  France 
B)  Uruguay 
C)  The United States 
D)  Argentina 
E)  Brazil

Question 14

Considering the United Nations' stages of economic development for classifying countries with respect to levels of industrialization, if a country is an industrialized country with high per capita income, the country is in which of the following groups?

Accepted Answer

A)  PDCs (parallel-developed countries) 
B)  LLDCs (least-developed countries) 
C)  MDCs (more-developed countries) 
D)  NICs (newly industrialized countries) 
E)  RGCs (rapid-growth countries) 
A)  PDCs (parallel-developed countries) 
B)  LLDCs (least-developed countries) 
C)  MDCs (more-developed countries) 
D)  NICs (newly industrialized countries) 
E)  RGCs (rapid-growth countries)

Question 15

Explain the significance of infrastructure in economic development.

Accepted Answer

One indicator of economic development is

Question 16

Which of the following countries is a part 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 17

With reference to NAFTA, due to ____, Japan could not assemble autos in Mexico and avoid U.S. or Canadian tariffs and quotas unless the auto had a specific percentage of Mexican (i.e., North American) content.

Accepted Answer

A)  very high tariffs 
B)  certain quality standard requirements 
C)  rules of origin 
D)  issues related to intellectual property rights 
E)  quota restrictions 
A)  very high tariffs 
B)  certain quality standard requirements 
C)  rules of origin 
D)  issues related to intellectual property rights 
E)  quota restrictions

Question 18

Considering the United Nations' stages of economic development presented in the text for classifying countries with respect to levels of industrialization, which of the following statements is true regarding an MDC (more-developed country)?

Accepted Answer

A)  These countries are just entering world trade. 
B)  Majority of its population stays in a rural area. 
C)  These countries have high per capita incomes. 
D)  These countries are experiencing rapid industrialization. 
E)  These countries have agrarian economies. 
A)  These countries are just entering world trade. 
B)  Majority of its population stays in a rural area. 
C)  These countries have high per capita incomes. 
D)  These countries are experiencing rapid industrialization. 
E)  These countries have agrarian economies.

Question 19

Conservation of resources is the fundamental objective of most developing countries.

Accepted Answer

A) True 
 B)False

Question 20

According to the evolution of the marketing process, between 1885 to 1914, the marketing process in the U.S. is said to be characterized by ____.

Accepted Answer

A)  mass distribution 
B)  self-sufficiency 
C)  mass production 
D)  surplus commodity product 
E)  commercial-transition 
A)  mass distribution 
B)  self-sufficiency 
C)  mass production 
D)  surplus commodity product 
E)  commercial-transition

Countries that are experiencing rapid economic expansion and industrialization and do not exactly fit as LDCs or MDCs are typically referred to as:

_____ development is generally understood to mean an increase in national production that results in an increase in the average per capita gross domestic product (GDP) or gross national income (GNI).

What are the three categories in which the United Nations classifies a country's stage of economic development on the basis of its level of industrialization?

The 2012 Olympics are going to be held in ____.

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

One analyst suggests that as a country passes the _____ per capita GNP level, people become more brand conscious and forgo many local brands to seek out foreign brands they recognize.

Which of the following is a fully industrialized country?

Explain the impact of Internet on the economic development.

One of the more important aspects of LAIA that differs from LAFTA, its predecessor, is:

South Africa is geographically large and represents a sizable market for a wide range of products. It has the potential for significant growth. It is considered as the regional economic driver. Based on this information, South Africa can be classified as a(n) _____.

In which of the following countries the literacy rate is 100 percent?

Which of the following countries is a part of the free trade area known as CFTA?

Considering the United Nations' stages of economic development for classifying countries with respect to levels of industrialization, if a country is an industrialized country with high per capita income, the country is in which of the following groups?

Explain the significance of infrastructure in economic development.

Which of the following countries is a part of the free trade group Mercosur?

With reference to NAFTA, due to ____, Japan could not assemble autos in Mexico and avoid U.S. or Canadian tariffs and quotas unless the auto had a specific percentage of Mexican (i.e., North American) content.

Considering the United Nations' stages of economic development presented in the text for classifying countries with respect to levels of industrialization, which of the following statements is true regarding an MDC (more-developed country)?

Conservation of resources is the fundamental objective of most developing countries.

According to the evolution of the marketing process, between 1885 to 1914, the marketing process in the U.S. is said to be characterized by ____.

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

Negotiating With International Customers, Partners, and Regulators

Filters

Exam 9: Economic Development and the Americas

Countries that are experiencing rapid economic expansion and industrialization and do not exactly fit as LDCs or MDCs are typically referred to as:

_____ development is generally understood to mean an increase in national production that results in an increase in the average per capita gross domestic product (GDP) or gross national income (GNI).

What are the three categories in which the United Nations classifies a country's stage of economic development on the basis of its level of industrialization?

The 2012 Olympics are going to be held in ____.

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

One analyst suggests that as a country passes the _____ per capita GNP level, people become more brand conscious and forgo many local brands to seek out foreign brands they recognize.

Which of the following is a fully industrialized country?

Explain the impact of Internet on the economic development.

One of the more important aspects of LAIA that differs from LAFTA, its predecessor, is:

South Africa is geographically large and represents a sizable market for a wide range of products. It has the potential for significant growth. It is considered as the regional economic driver. Based on this information, South Africa can be classified as a(n) _____.

In which of the following countries the literacy rate is 100 percent?

Which of the following countries is a part of the free trade area known as CFTA?

Considering the United Nations' stages of economic development for classifying countries with respect to levels of industrialization, if a country is an industrialized country with high per capita income, the country is in which of the following groups?

Explain the significance of infrastructure in economic development.

Which of the following countries is a part of the free trade group Mercosur?

With reference to NAFTA, due to ____, Japan could not assemble autos in Mexico and avoid U.S. or Canadian tariffs and quotas unless the auto had a specific percentage of Mexican (i.e., North American) content.

Considering the United Nations' stages of economic development presented in the text for classifying countries with respect to levels of industrialization, which of the following statements is true regarding an MDC (more-developed country)?

Conservation of resources is the fundamental objective of most developing countries.

According to the evolution of the marketing process, between 1885 to 1914, the marketing process in the U.S. is said to be characterized by ____.

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

Negotiating With International Customers, Partners, and Regulators

Filters