Question 1

Among three kinds of distances that international marketers must traverse, time zones have the greatest influence on the success of their commercial efforts abroad.

Accepted Answer

A) True 
 B)False

Question 2

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.

Question 3

Which of the following statements is true regarding NAFTA?

Accepted Answer

A)  It allows the use of standards and technical regulations as obstacles to trade. 
B)  It was ratified and became effective in 2000. 
C)  It prohibits U.S. and Canadian financial institutions to open wholly owned subsidiaries in Mexico. 
D)  It has three members: Canada, South Africa, and the United States. 
E)  Under its provisions, Canada, Mexico, and the United States have agreed to implement uniform customs procedures and regulations.

Question 4

When the marketing process in a country is in the commercial transition substage, the only marketing function performed is physical distribution.

Accepted Answer

A) True 
 B)False

Question 5

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 to 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 Mexico are more skilled than those in Sri Lanka.

Question 6

Which of the following is true about state-owned enterprises (SOEs)?

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.

Question 7

What are the various marketing functions performed when the marketing process in a country is in the commercial-transition substage?

Accepted Answer

The answer of What are the various marketing functions performed...

Question 8

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)  China

Question 9

Economic planners are often more _____ oriented than marketing oriented.

Accepted Answer

A)  production 
B)  human resource 
C)  logistics 
D)  theory 
E)  distribution

Question 10

With reference to the North American Free Trade Agreement (NAFTA), explain the term 'rules of origin'.

Accepted Answer

The answer of With reference to the North American Free...

Question 11

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

Accepted Answer

A)  contestable market 
B)  big emerging market 
C)  two-sided market 
D)  captive market 
E)  niche market

Question 12

Explain the impact of the Internet on the economic development.

Accepted Answer

The answer of Explain the impact of the Internet on...

Question 13

Chile, Brazil, Mexico, South Korea, Singapore, and Taiwan are _____ countries.

Accepted Answer

A)  least-developed 
B)  kinetically-developing 
C)  parallel-developed 
D)  newly industrialized 
E)  rapid-growth

Question 14

Why was Caribbean Community and Common Market (CARICOM) created? What are its goals?

Accepted Answer

The answer of Why was Caribbean Community and Common Market...

Question 15

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 16

All of the following statements are true regarding Mercosur EXCEPT that:

Accepted Answer

A)  it is the second-largest common-market agreement in the Americas after NAFTA. 
B)  the Treaty of Asunción provided the legal basis for Mercosur. 
C)  it is the most influential and successful free trade area in South America. 
D)  Mexico has observer status in Mercosur. 
E)  Germany is a member of Mercosur.

Question 17

The newly industrialized countries have per capita incomes lower than LDCs or MDCs.

Accepted Answer

A) True 
 B)False

Question 18

The trend toward privatization is currently a major economic phenomenon in industrialized as well as in developing countries.

Accepted Answer

A) True 
 B)False

Question 19

_____ is a free trade group formed by Argentina, Brazil, Paraguay, and Uruguay.

Accepted Answer

A)  NAFTA 
B)  Caricom 
C)  Mercosur 
D)  SACU 
E)  DR-CAFTA

Question 20

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

Exam 9: Economic Development and the Americas

Among three kinds of distances that international marketers must traverse, time zones have the greatest influence on the success of their commercial efforts abroad.

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

Which of the following statements is true regarding NAFTA?

When the marketing process in a country is in the commercial transition substage, the only marketing function performed is physical distribution.

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 to Mexico mostly because:

Which of the following is true about state-owned enterprises (SOEs) ?

What are the various marketing functions performed when the marketing process in a country is in the commercial-transition substage?

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

Economic planners are often more _____ oriented than marketing oriented.

With reference to the North American Free Trade Agreement (NAFTA), explain the term 'rules of origin'.

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

Explain the impact of the Internet on the economic development.

Chile, Brazil, Mexico, South Korea, Singapore, and Taiwan are _____ countries.

Why was Caribbean Community and Common Market (CARICOM) created? What are its goals?

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.

All of the following statements are true regarding Mercosur EXCEPT that:

The newly industrialized countries have per capita incomes lower than LDCs or MDCs.

The trend toward privatization is currently a major economic phenomenon in industrialized as well as in developing countries.

_____ is a free trade group formed by Argentina, Brazil, Paraguay, and Uruguay.

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