Question 1

Economic growth is measured solely in economic goals.

Accepted Answer

A) True 
 B)False

Question 2

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 3

In the context of the North American Free Trade Agreement (NAFTA), explain the term "rules of origin."

Accepted Answer

NAFTA reduces tariffs only for goods mad

Question 4

Which of the following statements is true about the Internet?

Accepted Answer

A)  The Internet further increases the advantage of rich economies over the poor ones. 
B)  The Internet increases market transaction costs. 
C)  The Internet allows for innovative services but at a relatively higher cost. 
D)  The Internet enables smaller firms in emerging economies to sell into a global market. 
E)  The Internet decreases the economies of scale from vertical integration. 
A)  The Internet further increases the advantage of rich economies over the poor ones. 
B)  The Internet increases market transaction costs. 
C)  The Internet allows for innovative services but at a relatively higher cost. 
D)  The Internet enables smaller firms in emerging economies to sell into a global market. 
E)  The Internet decreases the economies of scale from vertical integration.

Question 5

Uruguay is a member of NAFTA.

Accepted Answer

A) True 
 B)False

Question 6

The United States-Canada Free Trade Area (CFTA) was a customs union like the European Community.

Accepted Answer

A) True 
 B)False

Question 7

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)  Third World countries 
E)  more-developed countries 
A)  first world countries 
B)  least-developed countries 
C)  less-developed countries 
D)  Third World countries 
E)  more-developed countries

Question 8

Which of the following countries is a member of the Latin American Integration Association (LAIA, aka ALADI)?

Accepted Answer

A)  Bahamas 
B)  Cuba 
C)  Nicaragua 
D)  Costa Rica 
E)  Honduras 
A)  Bahamas 
B)  Cuba 
C)  Nicaragua 
D)  Costa Rica 
E)  Honduras

Question 9

Explain the importance of time zones for trade relationships and marketing operations. Which are the three multinational market regions that comprise major trading blocs?

Accepted Answer

Time zones make a difference. Jet lag is

Question 10

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

Accepted Answer

A) True 
 B)False

Question 11

Which of the following is an indicator of economic development?

Accepted Answer

A)  Population expansion 
B)  Expanding state ownership 
C)  Extent of social overhead capital 
D)  Social reformation 
E)  Cultural diversity 
A)  Population expansion 
B)  Expanding state ownership 
C)  Extent of social overhead capital 
D)  Social reformation 
E)  Cultural diversity

Question 12

Explain the impact of the Internet on the economic development.

Accepted Answer

The Internet cuts transaction costs and

Question 13

The marketing process in the U.S between 1885 and 1914 mainly focused on _____.

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

Question 14

Which of the following is a fully industrialized country?

Accepted Answer

A)  Brazil 
B)  Russia 
C)  Germany 
D)  Argentina 
E)  Vietnam 
A)  Brazil 
B)  Russia 
C)  Germany 
D)  Argentina 
E)  Vietnam

Question 15

In the context of Latin American trade progress, which of the following was a result of state ownership?

Accepted Answer

A)  Inclusion of foreign and domestic private ownership 
B)  Efficient state treasuries 
C)  Efficient public companies 
D)  Predictable regulatory environments 
E)  Inflated public-sector bureaucracies 
A)  Inclusion of foreign and domestic private ownership 
B)  Efficient state treasuries 
C)  Efficient public companies 
D)  Predictable regulatory environments 
E)  Inflated public-sector bureaucracies

Question 16

Which of the following is true of state ownership?

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 17

_____ refers to an increase in national production that is reflected by an increase in the average per capita gross domestic product (GDP) or gross national income (GNI).

Accepted Answer

A)  Economic repression 
B)  Economic duress 
C)  Economic equilibrium 
D)  Economic development 
E)  Economic sustainability 
A)  Economic repression 
B)  Economic duress 
C)  Economic equilibrium 
D)  Economic development 
E)  Economic sustainability

Question 18

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

Question 19

One of the most important aspects of LAIA that differs from LAFTA is the differential treatment of member countries according to their level of economic development.

Accepted Answer

A) True 
 B)False

Question 20

Which of the following countries is NOT a member of the Caribbean Community and Common Market (CARICOM)?

Accepted Answer

A)  Barbados 
B)  Dominica 
C)  Grenada 
D)  Jamaica 
E)  Guatemala 
A)  Barbados 
B)  Dominica 
C)  Grenada 
D)  Jamaica 
E)  Guatemala

Economic growth is measured solely in economic goals.

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.

In the context of the North American Free Trade Agreement (NAFTA), explain the term "rules of origin."

Which of the following statements is true about the Internet?

Uruguay is a member of NAFTA.

The United States-Canada Free Trade Area (CFTA) was a customs union like the European Community.

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.

Which of the following countries is a member of the Latin American Integration Association (LAIA, aka ALADI)?

Explain the importance of time zones for trade relationships and marketing operations. Which are the three multinational market regions that comprise major trading blocs?

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

Which of the following is an indicator of economic development?

Explain the impact of the Internet on the economic development.

The marketing process in the U.S between 1885 and 1914 mainly focused on _____.

Which of the following is a fully industrialized country?

In the context of Latin American trade progress, which of the following was a result of state ownership?

Which of the following is true of state ownership?

_____ refers to an increase in national production that is reflected by an increase in the average per capita gross domestic product (GDP) or gross national income (GNI).

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)?

One of the most important aspects of LAIA that differs from LAFTA is the differential treatment of member countries according to their level of economic development.

Which of the following countries is NOT a member of the Caribbean Community and Common Market (CARICOM)?

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

Economic growth is measured solely in economic goals.

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.

In the context of the North American Free Trade Agreement (NAFTA), explain the term "rules of origin."

Which of the following statements is true about the Internet?

Uruguay is a member of NAFTA.

The United States-Canada Free Trade Area (CFTA) was a customs union like the European Community.

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.

Which of the following countries is a member of the Latin American Integration Association (LAIA, aka ALADI)?

Explain the importance of time zones for trade relationships and marketing operations. Which are the three multinational market regions that comprise major trading blocs?

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

Which of the following is an indicator of economic development?

Explain the impact of the Internet on the economic development.

The marketing process in the U.S between 1885 and 1914 mainly focused on _____.

Which of the following is a fully industrialized country?

In the context of Latin American trade progress, which of the following was a result of state ownership?

Which of the following is true of state ownership?

_____ refers to an increase in national production that is reflected by an increase in the average per capita gross domestic product (GDP) or gross national income (GNI).

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)?

One of the most important aspects of LAIA that differs from LAFTA is the differential treatment of member countries according to their level of economic development.

Which of the following countries is NOT a member of the Caribbean Community and Common Market (CARICOM)?

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