Question 1

Paved roads, railroads, seaports, communication networks, and financial networks are illustrations of _____.

Accepted Answer

A)  environmental resources 
B)  inventory 
C)  infrastructure 
D)  factors of production 
E)  logistics

Question 2

Which of the following countries was involved in the formation of the free trade group Mercosur?

Accepted Answer

A)  Australia 
B)  China 
C)  Argentina 
D)  Russia 
E)  Thailand

Question 3

According to the United Nations' stages of economic development for classifying countries with respect to levels of industrialization, which category does an industrialized country with high per capita income fall under?

Accepted Answer

A)  Less-developed countries. 
B)  Least-developed countries. 
C)  More-developed countries. 
D)  Newly industrialized countries. 
E)  Pre emerging markets.

Question 4

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 5

According to the UN classification, industrially developing countries just entering world trade with relatively low per capita incomes are referred to as least-developed countries.

Accepted Answer

A) True 
 B)False

Question 6

Newly industrialized countries (NICs) differ from less-developed countries in that NICs:

Accepted Answer

A)  include Canada, the United States and Germany. 
B)  are similar to more-developed countries. 
C)  have per capita incomes that are lower than other developing countries. 
D)  have moved away from restrictive trade practices and instituted significant free market reforms. 
E)  have shown slow industrialization and expansion of targeted industries.

Question 7

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

Accepted Answer

A)  mass distribution 
B)  self-sufficiency 
C)  mass production 
D)  surplus commodity product 
E)  commercial-transition

Question 8

The quality of an infrastructure directly affects a country's economic growth potential.

Accepted Answer

A) True 
 B)False

Question 9

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

Accepted Answer

A)  Australia 
B)  Egypt 
C)  Venezuela 
D)  Mexico 
E)  Germany

Question 10

Which key provision of NAFTA restricts Japan from assembling autos in Mexico and avoiding U.S. or Canadian tariffs and quotas, unless the auto had a specific percentage of Mexican (i.e., North American) content?

Accepted Answer

A)  Services 
B)  Standards 
C)  Rules of origin 
D)  Intellectual property 
E)  Government procurement

Question 11

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

The answer of Explain the importance of time zones for...

Question 12

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

Accepted Answer

A)  Treaty of Accession 2003 
B)  Treaty of Asunción 
C)  Treaty of Easton 
D)  Treaty of Versailles 
E)  Treaty of Montevideo

Question 13

____ 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

Exam 9: Economic Development and the Americas

Paved roads, railroads, seaports, communication networks, and financial networks are illustrations of _____.

Which of the following countries was involved in the formation of the free trade group Mercosur?

According to the United Nations' stages of economic development for classifying countries with respect to levels of industrialization, which category does an industrialized country with high per capita income fall under?

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

According to the UN classification, industrially developing countries just entering world trade with relatively low per capita incomes are referred to as least-developed countries.

Newly industrialized countries (NICs) differ from less-developed countries in that NICs:

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

The quality of an infrastructure directly affects a country's economic growth potential.

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

Which key provision of NAFTA restricts Japan from assembling autos in Mexico and avoiding U.S. or Canadian tariffs and quotas, unless the auto had a specific percentage of Mexican (i.e., North American) content?

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

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

____ 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.