Question 1

Economic planners are most likely to be least concerned with the problems related to ____.

Accepted Answer

A)  production 
B)  capital 
C)  expenditure 
D)  distribution 
E)  investment

Question 2

In the language of international marketing, BEM stands for:

Accepted Answer

A)  business, e-commerce, and marketing. 
B)  business units and economic models. 
C)  big emerging markets. 
D)  bilateral economic models. 
E)  bilateral enhanced marketing.

Question 3

Given the fact that NAFTA is now effective among the U.S., Mexico and Canada, an American company which has its production plant in Sri Lanka will be willing to relocate its production plant in Mexico mostly because:

Accepted Answer

A)  it will improve the image of its goods. 
B)  Mexico has lower wages than Sri Lanka. 
C)  Mexico has better infrastructure than Sri Lanka. 
D)  moving goods from Mexico to the United States is cheaper and faster than moving them from Sri Lanka. 
E)  workers in the Mexico are more skilled than those in Sri Lanka.

Question 4

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

Accepted Answer

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

Question 5

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

Accepted Answer

A)  Brazil, Canada, and China 
B)  Mexico, Peru, and Uruguay 
C)  Canada, Mexico, and Brazil 
D)  The United States, Canada, and Germany 
E)  Canada, Mexico, and the United States

Question 6

Big emerging markets (BEMs) share a number of important traits. All of the following would be among those traits EXCEPT:

Accepted Answer

A)  they principally export labor and raw resources. 
B)  they are all physically large. 
C)  they have significant populations. 
D)  they are "regional economic drivers." 
E)  they are of major political importance within their regions.

Question 7

The marketing process in the United States economy from 1950 to the present is said to be in a substage known as mass production.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following countries is considered as a BEM (big emerging market)?

Accepted Answer

A)  Australia 
B)  Tanzania 
C)  Uganda 
D)  Mexico 
E)  Germany

Question 9

According to information presented in the text, Chile, Brazil, Mexico, and South Korea don't exactly fit as MDCs (more-developed countries) or LDCs (less-developed countries). A new category applies to these countries. Identify the category.

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)

Question 10

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

Accepted Answer

The answer of What are the various factors that promote...

Question 11

____ classifies a country's stage of economic development on the basis of its level of industrialization into three categories and the three categories are MIDCs, LDCs, and LLDCs.

Accepted Answer

A)  The U.S. Department of Commerce 
B)  The North Atlantic Treaty Organization 
C)  The International Organization for Standardization 
D)  The United Nations 
E)  The World Trade Organization

Question 12

More household money goes for _____ in emerging markets than in developed markets.

Accepted Answer

A)  housing 
B)  transportation 
C)  food 
D)  leisure 
E)  education

Question 13

Which of the following is the second-largest common-market agreement in the Americas?

Accepted Answer

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

Question 14

One indicator of economic development is the ____.

Accepted Answer

A)  population growth rate 
B)  literacy level 
C)  extent of social overhead capital 
D)  mortality rate 
E)  inflation rate

Question 15

The current level of economic development within a country dictates the kind and degree of market potential that exists.

Accepted Answer

A) True 
 B)False

Question 16

What is happening in BEMs today is analogous to what happened in:

Accepted Answer

A)  Saudi Arabia in the 1800s. 
B)  India during the British Empire period. 
C)  Russia after the fall of the czar. 
D)  Europe after World War II. 
E)  Iraq between 1890 to 1990.

Question 17

When the only marketing functions performed are demand creation and physical distribution, the marketing process is said to be in the mass distribution substage.

Accepted Answer

A) True 
 B)False

Question 18

NAFTA was ratified and became effective in the year ____.

Accepted Answer

A)  1865 
B)  1890 
C)  1945 
D)  1994 
E)  2000

Question 19

Brazil is considered a fully industrialized country.

Accepted Answer

A) True 
 B)False

Question 20

The level of market development roughly parallels the stages of the:

Accepted Answer

A)  product life cycle. 
B)  innovation adoption curve. 
C)  new product development process. 
D)  software development life cycle. 
E)  economic development.

Exam 9: Economic Development and the Americas

Economic planners are most likely to be least concerned with the problems related to ____.

In the language of international marketing, BEM stands for:

Given the fact that NAFTA is now effective among the U.S., Mexico and Canada, an American company which has its production plant in Sri Lanka will be willing to relocate its production plant in Mexico mostly because:

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

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

Big emerging markets (BEMs) share a number of important traits. All of the following would be among those traits EXCEPT:

The marketing process in the United States economy from 1950 to the present is said to be in a substage known as mass production.

Which of the following countries is considered as a BEM (big emerging market) ?

According to information presented in the text, Chile, Brazil, Mexico, and South Korea don't exactly fit as MDCs (more-developed countries) or LDCs (less-developed countries) . A new category applies to these countries. Identify the category.

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

____ classifies a country's stage of economic development on the basis of its level of industrialization into three categories and the three categories are MIDCs, LDCs, and LLDCs.

More household money goes for _____ in emerging markets than in developed markets.

Which of the following is the second-largest common-market agreement in the Americas?

One indicator of economic development is the ____.

The current level of economic development within a country dictates the kind and degree of market potential that exists.

What is happening in BEMs today is analogous to what happened in:

When the only marketing functions performed are demand creation and physical distribution, the marketing process is said to be in the mass distribution substage.

NAFTA was ratified and became effective in the year ____.

Brazil is considered a fully industrialized country.

The level of market development roughly parallels the stages of the: