Question 1

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

Accepted Answer

A)  Management 
B)  Marketing 
C)  Public relations 
D)  Mass media 
E)  Economics 
A)  Management 
B)  Marketing 
C)  Public relations 
D)  Mass media 
E)  Economics

Question 2

With respect to the evolution of the marketing process, which of the following would be considered to be the most fundamental substage (first substage) of the process?

Accepted Answer

A)  Surplus commodity product 
B)  Commercial transition 
C)  Mass production 
D)  Mass distribution 
E)  Self-sufficient 
A)  Surplus commodity product 
B)  Commercial transition 
C)  Mass production 
D)  Mass distribution 
E)  Self-sufficient

Question 3

Mercosur is a free trade group formed by Brazil, China, Paraguay, and Uruguay.

Accepted Answer

A) True 
 B)False

Question 4

Per capita income of middle class falls in the band of _____ to _____ at purchase price parity.

Accepted Answer

A)  $1000; $5000 
B)  $5000; $10000 
C)  $10000; $20000 
D)  $5000; $20000 
E)  $10000; $15000 
A)  $1000; $5000 
B)  $5000; $10000 
C)  $10000; $20000 
D)  $5000; $20000 
E)  $10000; $15000

Question 5

Mexico is a member of Mercosur.

Accepted Answer

A) True 
 B)False

Question 6

List the various traits of big emerging markets.

Accepted Answer

Big emerging markets:
● Are all geograph

Question 7

Economic growth is measured not solely in economic goals but also in social achievements.

Accepted Answer

A) True 
 B)False

Question 8

What is occurring in the BEMs is analogous to the situation after World War II when tremendous demand was created during the reconstruction of Europe.

Accepted Answer

A) True 
 B)False

Question 9

What is economic development?

Accepted Answer

Economic development is generally unders

Question 10

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

Accepted Answer

A)  Treaty of Accession 2003 
B)  Treaty of Asunción 
C)  Pretoria Accord 
D)  Extradition treaty 
E)  Treaty of Montevideo 
A)  Treaty of Accession 2003 
B)  Treaty of Asunción 
C)  Pretoria Accord 
D)  Extradition treaty 
E)  Treaty of Montevideo

Question 11

Countries that are experiencing rapid economic expansion and industrialization and do not exactly fit as LDCs or MDCs are more typically referred to as kinetically-developing countries (KDCs).

Accepted Answer

A) True 
 B)False

Question 12

If a country is industrially underdeveloped, agrarian, has a subsistence society with rural populations, has an extremely low per capita income level, and has little world trade involvement, then the country would be classified as a LDC (less-developed country).

Accepted Answer

A) True 
 B)False

Question 13

Countries begin to lose economic development ground when their _____ cannot support an expanding population and economy.

Accepted Answer

A)  industrial production 
B)  infrastructure 
C)  import 
D)  agricultural production 
E)  gold reserves 
A)  industrial production 
B)  infrastructure 
C)  import 
D)  agricultural production 
E)  gold reserves

Question 14

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

Accepted Answer

A)  surge in household expenditure. 
B)  decline in productivity throughout the private sector. 
C)  release of capital to invest elsewhere. 
D)  change in political leadership. 
E)  increase in unemployment rate. 
A)  surge in household expenditure. 
B)  decline in productivity throughout the private sector. 
C)  release of capital to invest elsewhere. 
D)  change in political leadership. 
E)  increase in unemployment rate.

Question 15

Which of the following countries is a member of the free trade agreement DR-CAFTA?

Accepted Answer

A)  Bahrain 
B)  Bhutan 
C)  Morocco 
D)  Costa Rica 
E)  Oman 
A)  Bahrain 
B)  Bhutan 
C)  Morocco 
D)  Costa Rica 
E)  Oman

Question 16

A marketer can superimpose a sophisticated marketing strategy on an underdeveloped economy.

Accepted Answer

A) True 
 B)False

Question 17

When the marketing process is characterized by mass distribution, all of the following marketing functions are performed EXCEPT:

Accepted Answer

A)  demand creation. 
B)  market information analysis. 
C)  physical distribution. 
D)  exchange. 
E)  market and product planning, development. 
A)  demand creation. 
B)  market information analysis. 
C)  physical distribution. 
D)  exchange. 
E)  market and product planning, development.

Question 18

The level of political stability in a country is the single most important environmental element to which the foreign marketer must adjust the marketing task.

Accepted Answer

A) True 
 B)False

Question 19

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 it will fall under the group of highly-developed countries (HDCs).

Accepted Answer

A) True 
 B)False

Question 20

All of the following factors are cited as being reasons that NICs (newly industrializing countries) have had such remarkable success EXCEPT:

Accepted Answer

A)  political stability. 
B)  economic and legal reforms. 
C)  rapid increase in population. 
D)  outward orientation. 
E)  entrepreneurship. 
A)  political stability. 
B)  economic and legal reforms. 
C)  rapid increase in population. 
D)  outward orientation. 
E)  entrepreneurship.

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

With respect to the evolution of the marketing process, which of the following would be considered to be the most fundamental substage (first substage) of the process?

Mercosur is a free trade group formed by Brazil, China, Paraguay, and Uruguay.

Per capita income of middle class falls in the band of _ to _ at purchase price parity.

Mexico is a member of Mercosur.

List the various traits of big emerging markets.

Economic growth is measured not solely in economic goals but also in social achievements.

What is occurring in the BEMs is analogous to the situation after World War II when tremendous demand was created during the reconstruction of Europe.

What is economic development?

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

Countries that are experiencing rapid economic expansion and industrialization and do not exactly fit as LDCs or MDCs are more typically referred to as kinetically-developing countries (KDCs).

If a country is industrially underdeveloped, agrarian, has a subsistence society with rural populations, has an extremely low per capita income level, and has little world trade involvement, then the country would be classified as a LDC (less-developed country).

Countries begin to lose economic development ground when their _____ cannot support an expanding population and economy.

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

Which of the following countries is a member of the free trade agreement DR-CAFTA?

A marketer can superimpose a sophisticated marketing strategy on an underdeveloped economy.

When the marketing process is characterized by mass distribution, all of the following marketing functions are performed EXCEPT:

The level of political stability in a country is the single most important environmental element to which the foreign marketer must adjust the marketing task.

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 it will fall under the group of highly-developed countries (HDCs).

All of the following factors are cited as being reasons that NICs (newly industrializing countries) have had such remarkable success EXCEPT:

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

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

With respect to the evolution of the marketing process, which of the following would be considered to be the most fundamental substage (first substage) of the process?

Mercosur is a free trade group formed by Brazil, China, Paraguay, and Uruguay.

Per capita income of middle class falls in the band of _____ to _____ at purchase price parity.

Mexico is a member of Mercosur.

List the various traits of big emerging markets.

Economic growth is measured not solely in economic goals but also in social achievements.

What is occurring in the BEMs is analogous to the situation after World War II when tremendous demand was created during the reconstruction of Europe.

What is economic development?

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

Countries that are experiencing rapid economic expansion and industrialization and do not exactly fit as LDCs or MDCs are more typically referred to as kinetically-developing countries (KDCs).

If a country is industrially underdeveloped, agrarian, has a subsistence society with rural populations, has an extremely low per capita income level, and has little world trade involvement, then the country would be classified as a LDC (less-developed country).

Countries begin to lose economic development ground when their _____ cannot support an expanding population and economy.

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

Which of the following countries is a member of the free trade agreement DR-CAFTA?

A marketer can superimpose a sophisticated marketing strategy on an underdeveloped economy.

When the marketing process is characterized by mass distribution, all of the following marketing functions are performed EXCEPT:

The level of political stability in a country is the single most important environmental element to which the foreign marketer must adjust the marketing task.

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 it will fall under the group of highly-developed countries (HDCs).

All of the following factors are cited as being reasons that NICs (newly industrializing countries) have had such remarkable success EXCEPT:

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

Per capita income of middle class falls in the band of _ to _ at purchase price parity.