Question 1

Brazil is a fully industrialized country.

Accepted Answer

A) True 
 B)False  False

Question 2

According to the United Nations' stages of economic development for classifying countries with respect to levels of industrialization, _____ consist of industrially developing countries just entering world trade with relatively low per capita income.

Accepted Answer

A)  first world countries 
B)  least-developed countries 
C)  less-developed countries 
D)  newly industrialized countries 
E)  more-developed countries 
A)  first world countries 
B)  least-developed countries 
C)  less-developed countries 
D)  newly industrialized countries 
E)  more-developed countries C

Question 3

A market in which the only marketing function performed is exchange is most like to be classified under the _____ stage.

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 A

Question 4

CARICOM established the CSME (CARICOM Single Market and Economy) with the goal of:

Accepted Answer

A)  establishing central institutions similar to those of the European Union institutions. 
B)  forming a political union. 
C)  a common currency for all members. 
D)  increasing nontariff barriers. 
E)  implementing uniform customs procedures and regulations. 
A)  establishing central institutions similar to those of the European Union institutions. 
B)  forming a political union. 
C)  a common currency for all members. 
D)  increasing nontariff barriers. 
E)  implementing uniform customs procedures and regulations.

Question 5

Economic growth is measured solely in economic goals.

Accepted Answer

A) True 
 B)False

Question 6

Privatization of state-owned enterprises results in _____.

Accepted Answer

A)  a decline in productivity throughout the private sector 
B)  a surge in household expenditure 
C)  the release of capital to invest in strategic areas 
D)  a change in political leadership 
E)  reduced modernization 
A)  a decline in productivity throughout the private sector 
B)  a surge in household expenditure 
C)  the release of capital to invest in strategic areas 
D)  a change in political leadership 
E)  reduced modernization

Question 7

One of the most 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)  that members are forbidden from establishing bilateral trade agreements among 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)  that members are forbidden from establishing bilateral trade agreements among member countries. 
E)  introduction of a common currency for the member countries.

Question 8

Which of the following statements is true regarding MDCs (more-developed countries)?

Accepted Answer

A)  These countries are just entering world trade. 
B)  Majority of its population stay in rural areas. 
C)  These countries have high per capita incomes. 
D)  These countries have little world trade involvement. 
E)  These countries have mainly agrarian economies. 
A)  These countries are just entering world trade. 
B)  Majority of its population stay in rural areas. 
C)  These countries have high per capita incomes. 
D)  These countries have little world trade involvement. 
E)  These countries have mainly agrarian economies.

Question 9

The Mercosur envisioned central institutions similar to those of the European Union institutions.

Accepted Answer

A) True 
 B)False

Question 10

Discuss the features of Mercosur and its role in improving trade associations among American nations.

Accepted Answer

Mercosur includes Argentina, Bolivia, Br

Question 11

Uruguay is a member of NAFTA.

Accepted Answer

A) True 
 B)False

Question 12

The three members of the North American Free Trade Agreement (NAFTA) are:

Accepted Answer

A)  The United States, the United Kingdom, and France. 
B)  The United States, Cuba, and Uruguay. 
C)  Canada, China, and Japan. 
D)  The United States, France, and Germany. 
E)  Canada, Mexico, and the United States. 
A)  The United States, the United Kingdom, and France. 
B)  The United States, Cuba, and Uruguay. 
C)  Canada, China, and Japan. 
D)  The United States, France, and Germany. 
E)  Canada, Mexico, and the United States.

Question 13

Which is the comprehensive free trade agreement among Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras, Nicaragua, and the United States that includes a wide array of tariff reductions aimed at increasing trade and employment?

Accepted Answer

A)  DR-CAFTA 
B)  NAFTA 
C)  CFTA 
D)  Jamaica 
E)  Mercosur 
A)  DR-CAFTA 
B)  NAFTA 
C)  CFTA 
D)  Jamaica 
E)  Mercosur

Question 14

Which of the following is NOT a factor that has contributed to the rapid economic growth of NICs (newly industrialized countries)?

Accepted Answer

A)  Political stability. 
B)  Well-established economic and legal reforms. 
C)  Rapid increase in population. 
D)  Outward orientation. 
E)  Entrepreneurship. 
A)  Political stability. 
B)  Well-established economic and legal reforms. 
C)  Rapid increase in population. 
D)  Outward orientation. 
E)  Entrepreneurship.

Question 15

Which of the following 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 16

Identify the substage in the evolution of the marketing process, when the only marketing functions performed are demand creation and physical distribution.

Accepted Answer

A)  Mass production 
B)  Global distribution 
C)  Self-sufficient 
D)  Surplus commodity product 
E)  Small scale 
A)  Mass production 
B)  Global distribution 
C)  Self-sufficient 
D)  Surplus commodity product 
E)  Small scale

Question 17

The success of the Caribbean Free Trade Association led to the creation of the _____.

Accepted Answer

A)  Central American Integration System 
B)  Community of Latin American and Caribbean States 
C)  Caribbean Community and Common Market 
D)  Union of South American Nations 
E)  United Nations Economic Commission for Latin America and the Caribbean 
A)  Central American Integration System 
B)  Community of Latin American and Caribbean States 
C)  Caribbean Community and Common Market 
D)  Union of South American Nations 
E)  United Nations Economic Commission for Latin America and the Caribbean

Question 18

What are the various factors that promote the economic growth of NICs?

Accepted Answer

The factors that promote the economic gr

Question 19

Which of the following is true about the present state of foreign businesses in most developing countries?

Accepted Answer

A)  Foreign investors are seen as vital partners in economic development. 
B)  Most developing countries discourage or forbid foreign investment. 
C)  Multinational firms are expropriated and charged with excessively high tariffs and quotas. 
D)  Foreign investors are considered exploiters of resources. 
E)  Foreign investment is banned in most developing countries. 
A)  Foreign investors are seen as vital partners in economic development. 
B)  Most developing countries discourage or forbid foreign investment. 
C)  Multinational firms are expropriated and charged with excessively high tariffs and quotas. 
D)  Foreign investors are considered exploiters of resources. 
E)  Foreign investment is banned in most developing countries.

Question 20

Which country announced that it would seek free trade with the United States immediately 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

Brazil is a fully industrialized country.

According to the United Nations' stages of economic development for classifying countries with respect to levels of industrialization, _____ consist of industrially developing countries just entering world trade with relatively low per capita income.

A market in which the only marketing function performed is exchange is most like to be classified under the _____ stage.

CARICOM established the CSME (CARICOM Single Market and Economy) with the goal of:

Economic growth is measured solely in economic goals.

Privatization of state-owned enterprises results in _____.

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

Which of the following statements is true regarding MDCs (more-developed countries)?

The Mercosur envisioned central institutions similar to those of the European Union institutions.

Discuss the features of Mercosur and its role in improving trade associations among American nations.

Uruguay is a member of NAFTA.

The three members of the North American Free Trade Agreement (NAFTA) are:

Which is the comprehensive free trade agreement among Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras, Nicaragua, and the United States that includes a wide array of tariff reductions aimed at increasing trade and employment?

Which of the following is NOT a factor that has contributed to the rapid economic growth of NICs (newly industrialized countries)?

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

Identify the substage in the evolution of the marketing process, when the only marketing functions performed are demand creation and physical distribution.

The success of the Caribbean Free Trade Association led to the creation of the _____.

What are the various factors that promote the economic growth of NICs?

Which of the following is true about the present state of foreign businesses in most developing countries?

Which country announced that it would seek free trade with the United States immediately 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

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

Brazil is a fully industrialized country.

According to the United Nations' stages of economic development for classifying countries with respect to levels of industrialization, _____ consist of industrially developing countries just entering world trade with relatively low per capita income.

A market in which the only marketing function performed is exchange is most like to be classified under the _____ stage.

CARICOM established the CSME (CARICOM Single Market and Economy) with the goal of:

Economic growth is measured solely in economic goals.

Privatization of state-owned enterprises results in _____.

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

Which of the following statements is true regarding MDCs (more-developed countries)?

The Mercosur envisioned central institutions similar to those of the European Union institutions.

Discuss the features of Mercosur and its role in improving trade associations among American nations.

Uruguay is a member of NAFTA.

The three members of the North American Free Trade Agreement (NAFTA) are:

Which is the comprehensive free trade agreement among Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras, Nicaragua, and the United States that includes a wide array of tariff reductions aimed at increasing trade and employment?

Which of the following is NOT a factor that has contributed to the rapid economic growth of NICs (newly industrialized countries)?

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

Identify the substage in the evolution of the marketing process, when the only marketing functions performed are demand creation and physical distribution.

The success of the Caribbean Free Trade Association led to the creation of the _____.

What are the various factors that promote the economic growth of NICs?

Which of the following is true about the present state of foreign businesses in most developing countries?

Which country announced that it would seek free trade with the United States immediately 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

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