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InternationalMarketing,18e(Cateora)
Chapter9EconomicDevelopmentandtheAmericas
1)Ofthethreekindsofdistancesthatinternationalmarketersmusttraverse,timezoneshavethegreatestinfluenceonthesuccessoftheircommercialeffortsabroad.
Answer:TRUE
Explanation:Timezonesmakeadifference.Jetlagisanimportantproblem.Amongthreekindsofdistancesthatinternationalmarketersmusttraverse—miles,timezones,andculturaldistances—timezoneshavethegreatestinfluenceonthesuccessoftheircommercialeffortsabroad.
Difficulty:1Easy
Topic:ChallengesandOpportunitiesCreatedbyGlobalization
LearningObjective:09-01Theimportanceoftimezonesfortraderelationshipsandmarketingoperations.
Bloom's:Remember
AACSB:AnalyticalThinking
Accessibility:KeyboardNavigation
2)Theliberalizationoftradeandinvestmentpoliciesindevelopingcountrieshavelittleimpactonthewaycountrieswilltradeandprosperinthe21stcentury.
Answer:FALSE
Explanation:Thetransitionfromsocialisttomarket-driveneconomies,theliberalizationoftradeandinvestmentpoliciesindevelopingcountries,thetransferofpublic-sectorenterprisestotheprivatesector,andtherapiddevelopmentofregionalmarketalliancesarechangingthewaycountrieswilltradeandprosperinthe21stcentury.
Difficulty:1Easy
Topic:OverviewofTrade
LearningObjective:09-02Thepoliticalandeconomicchangesaffectingglobalmarketing.
Bloom's:Remember
AACSB:AnalyticalThinking
Accessibility:KeyboardNavigation
3)Thelevelofpoliticalstabilityinacountryisthesinglemostimportantenvironmentalelementtowhichtheforeignmarketermustadjustthemarketingtask.
Answer:FALSE
Explanation:Theeconomiclevelofacountryisthesinglemostimportantenvironmentalelementtowhichtheforeignmarketermustadjustthemarketingtask.Thestageofeconomicgrowthwithinacountryaffectstheattitudestowardforeignbusinessactivity,thedemandforgoods,thedistributionsystemsfoundwithinacountry,andtheentiremarketingprocess.
Difficulty:1Easy
Topic:TheChangingNatureoftheGlobalEconomy
LearningObjective:09-03Theconnectionbetweentheeconomiclevelofacountryandthemarketingtask.
Bloom's:Remember
AACSB:AnalyticalThinking
Accessibility:KeyboardNavigation
4)Consumptionpatternschangerapidlyinstaticeconomies.
Answer:FALSE
Explanation:Instaticeconomies,consumptionpatternsbecomerigid,andmarketingistypicallynothingmorethanasupplyeffort.Inadynamiceconomy,consumptionpatternschangerapidly.
Difficulty:1Easy
Topic:TheChangingNatureoftheGlobalEconomy
LearningObjective:09-03Theconnectionbetweentheeconomiclevelofacountryandthemarketingtask.
Bloom's:Remember
AACSB:AnalyticalThinking
Accessibility:KeyboardNavigation
5)Economicdevelopmenttranslatestorapideconomicgrowthandincreasesinconsumerdemand.
Answer:TRUE
Explanation:Economicdevelopment,ascommonlydefinedtoday,tendstomeanrapideconomicgrowthandincreasesinconsumerdemand—improvementsachieved"indecadesratherthancenturies."
Difficulty:1Easy
Topic:EconomicDevelopment
LearningObjective:09-03Theconnectionbetweentheeconomiclevelofacountryandthemarketingtask.
Bloom's:Remember
AACSB:AnalyticalThinking
Accessibility:KeyboardNavigation
6)AccordingtotheUNclassification,industriallydevelopingcountriesjustenteringworldtradewithrelativelylowpercapitaincomesarereferredtoasless-developedcountries.
Answer:TRUE
Explanation:Industriallydevelopingcountriesjustenteringworldtrade,manyofwhichareinAsiaandLatinAmerica,withrelativelylowpercapitaincomesareclassifiedasless-developedcountries(LDCs).
Difficulty:1Easy
Topic:EconomicDevelopment
LearningObjective:09-03Theconnectionbetweentheeconomiclevelofacountryandthemarketingtask.
Bloom's:Remember
AACSB:AnalyticalThinking
Accessibility:KeyboardNavigation
7)TheUNclassificationofcountriesbasedoneconomicdevelopmenthasbeencriticizedbecauseitnolongerseemsrelevantintherapidlyindustrializingworld.
Answer:TRUE
Explanation:TheUNclassificationhasbeencriticizedbecauseitnolongerseemsrelevantintherapidlyindustrializingworld.Also,manycountriesthatareclassifiedasLDCsareindustrializingataveryrapidrate,whereasothersareadvancingatmoretraditionalratesofeconomicdevelopment.
Difficulty:1Easy
Topic:EconomicDevelopment
LearningObjective:09-03Theconnectionbetweentheeconomiclevelofacountryandthemarketingtask.
Bloom's:Remember
AACSB:AnalyticalThinking
Accessibility:KeyboardNavigation
8)Chileisanewlyindustrializedcountry.Assuch,ithaspercapitaincomeslowerthanLDCs.
Answer:FALSE
Explanation:CountriesthatareexperiencingrapideconomicexpansionandindustrializationanddonotexactlyfitasLDCs(less-developedcountries)orMDCs(more-developedcountries)aremoretypicallyreferredtoasNICs(newlyindustrializedcountries).Thesecountrieshaveshownrapidindustrializationoftargetedindustriesandhavepercapitaincomesthatexceedotherdevelopingcountries.
Difficulty:1Easy
Topic:EconomicDevelopment
LearningObjective:09-03Theconnectionbetweentheeconomiclevelofacountryandthemarketingtask.
Bloom's:Remember
AACSB:AnalyticalThinking
Accessibility:KeyboardNavigation
9)UndertheUnitedNations'stagesofeconomicdevelopmentforclassifyingcountrieswithrespecttolevelsofindustrialization,Brazilfallsunderthegroupofmore-developedcountries(MDCs).
Answer:FALSE
Explanation:CountriesthatareexperiencingrapideconomicexpansionandindustrializationanddonotexactlyfitasLDCs(less-developedcountries)orMDCs(more-developedcountries)aremoretypicallyreferredtoasNICs(newlyindustrializedcountries).BrazilisconsideredoneoftheNICs.
Difficulty:1Easy
Topic:EconomicDevelopment
LearningObjective:09-03Theconnectionbetweentheeconomiclevelofacountryandthemarketingtask.
Bloom's:Remember
AACSB:AnalyticalThinking
Accessibility:KeyboardNavigation
10)Newlyindustrializedcountries(NICs)arecharacterizedbymarketswithfewerrestrictivetradepracticesandsignificantfreemarketreforms.
Answer:TRUE
Explanation:Newlyindustrializedcountries(NICs)haveshownrapidindustrializationoftargetedindustriesandhavepercapitaincomesthatexceedotherdevelopingcountries.Theyhavemovedawayfromrestrictivetradepracticesandinstitutedsignificantfreemarketreforms;asaresult,theyattractbothtradeandforeigndirectinvestment.
Difficulty:1Easy
Topic:EconomicDevelopment
LearningObjective:09-03Theconnectionbetweentheeconomiclevelofacountryandthemarketingtask.
Bloom's:Understand
AACSB:AnalyticalThinking
Accessibility:KeyboardNavigation
11)MercosurisafreetradegroupformedbytheUnitedStates.
Answer:FALSE
Explanation:MercosurisafreetradegroupformedbyArgentina,Brazil,Paraguay,andUruguay.
Difficulty:1Easy
Topic:TheChangingNatureoftheGlobalEconomy
LearningObjective:09-04ThevarietyofstagesofeconomicdevelopmentamongAmericannations.
Bloom's:Remember
AACSB:AnalyticalThinking
Accessibility:KeyboardNavigation
12)Privatizationofstate-ownedindustriesreleasedimmediatecapitaltoinvestinstrategicareas.
Answer:TRUE
Explanation:State-ownedenterprises(SOEs)hadplacedadrainonnationalbudgets.Privatizationreleasedimmediatecapitaltoinvestinstrategicareasandgaverelieffromacontinuingdrainonfuturenationalresources.
Difficulty:1Easy
Topic:NationalizationandPrivatizationofBusiness
LearningObjective:09-05Growthfactorsandtheirroleineconomicdevelopment.
Bloom's:Remember
AACSB:AnalyticalThinking
Accessibility:KeyboardNavigation
13)HightransactioncostsassociatedwiththeuseoftheInternetpreventsmallerfirmsinemergingcountriesfromsellingintoaglobalmarket.
Answer:FALSE
Explanation:LowertransactioncostsassociatedwiththeuseoftheInternetenablesmallfirmsinAsiaorLatinAmericatoworktogethertodevelopaglobalreach.Smallerfirmsinemergingeconomiescannowsellintoaglobalmarket.
Difficulty:1Easy
Topic:HowthePhysicalEnvironmentandTechnologyInfluenceCulture
LearningObjective:09-05Growthfactorsandtheirroleineconomicdevelopment.
Bloom's:Remember
AACSB:Technology
Accessibility:KeyboardNavigation
14)Economicgrowthismeasuredsolelyineconomicgoals.
Answer:FALSE
Explanation:Economicgrowthismeasurednotsolelyineconomicgoalsbutalsoinsocialachievements.Bettereducation,betterandmoreeffectivegovernment,theeliminationofmanysocialinequities,andimprovementsinmoralandethicalresponsibilitiesaresomeoftheexpectationsofdevelopingcountries.
Difficulty:1Easy
Topic:TheChangingNatureoftheGlobalEconomy
LearningObjective:09-05Growthfactorsandtheirroleineconomicdevelopment.
Bloom's:Remember
AACSB:AnalyticalThinking
Accessibility:KeyboardNavigation
15)Thetrendtowardprivatizationisoccurringinindustrializedaswellasindevelopingcountries.
Answer:TRUE
Explanation:Manycountrieshavederegulatedindustry,openedtheirdoorstoforeigninvestment,loweredtradebarriers,andbegunprivatizingSOEs.Thetrendtowardprivatizationiscurrentlyamajoreconomicphenomenoninindustrializedaswellasindevelopingcountries.
Difficulty:1Easy
Topic:NationalizationandPrivatizationofBusiness
LearningObjective:09-05Growthfactorsandtheirroleineconomicdevelopment.
Bloom's:Remember
AACSB:AnalyticalThinking
Accessibility:KeyboardNavigation
16)Thequalityofaninfrastructuredirectlyaffectsacountry'seconomicgrowthpotential.
Answer:TRUE
Explanation:Thequalityofaninfrastructuredirectlyaffectsacountry'seconomicgrowthpotentialandtheabilityofanenterprisetoengageeffectivelyinbusiness.Infrastructureisacrucialcomponentoftheuncontrollableelementsfacingmarketers.
Difficulty:1Easy
Topic:TheChangingNatureoftheGlobalEconomy
LearningObjective:09-05Growthfactorsandtheirroleineconomicdevelopment.
Bloom's:Remember
AACSB:AnalyticalThinking
Accessibility:KeyboardNavigation
17)Amoredevelopedeconomytendstohavefewertypesofmarketingfunctionsthatareneeded.
Answer:FALSE
Explanation:Themoredevelopedaneconomy,thegreaterthevarietyofmarketingfunctionsdemanded,andthemoresophisticatedandspecializedtheinstitutionsbecometoperformmarketingfunctions.
Difficulty:2Medium
Topic:TheChangingNatureoftheGlobalEconomy
LearningObjective:09-06Marketingscontributiontothegrowthanddevelopmentofacountry'seconomy.
Bloom's:Understand
AACSB:AnalyticalThinking
Accessibility:KeyboardNavigation
18)Marketingisaneconomy'sarbitratorbetweenproductivecapacityandgrowthpotential.
Answer:FALSE
Explanation:Marketingisaneconomy'sarbitratorbetweenproductivecapacityandconsumerdemand.
Difficulty:1Easy
Topic:TheChangingNatureoftheGlobalEconomy
LearningObjective:09-06Marketingscontributiontothegrowthanddevelopmentofacountry'seconomy.
Bloom's:Remember
AACSB:AnalyticalThinking
Accessibility:KeyboardNavigation
19)AccordingtoJagdishSheth,ratherthandiffusionofinnovations,thefocusofnewproductdevelopmentshouldbeonaffordabilityandaccessibility.
Answer:TRUE
Explanation:Amongrecommendationsforchangesinmarketingtheory,strategy,andpolicy,Shethliststhreeadaptationsformarketingpracticeinemergingmarkets.Oneofthemis,thefocusofnewproductdevelopmentshouldbeonaffordabilityandaccessibility.
Difficulty:1Easy
Topic:ThePotential,Risks,andChallengesofEmergingMarkets
LearningObjective:09-06Marketingscontributiontothegrowthanddevelopmentofacountry'seconomy.
Bloom's:Remember
AACSB:AnalyticalThinking
Accessibility:KeyboardNavigation
20)Forinternationalmarketing,thelevelofmarketdevelopmentparallelsthestagesofeconomicdevelopment.
Answer:TRUE
Explanation:Thelevelofmarketdevelopmentroughlyparallelsthestagesofeconomicdevelopment.Themoredevelopedaneconomy,thegreaterthevarietyofmarketingfunctionsdemanded,andthemoresophisticatedandspecializedtheinstitutionsbecometoperformmarketingfunctions.
Difficulty:1Easy
Topic:ThePotential,Risks,andChallengesofEmergingMarkets
LearningObjective:09-06Marketingscontributiontothegrowthanddevelopmentofacountry'seconomy.
Bloom's:Remember
AACSB:AnalyticalThinking
Accessibility:KeyboardNavigation
21)IntheUnitedStates,thevastmajorityofthepopulationlivesinurbanareasandhashigherearningsthanthosewholiveinruralareas.
Answer:TRUE
Explanation:IntheUnitedStates81percentofinhabitantsliveinurbanareas.Thedisposableincomegapbetweenurbanandruralalsovariesacrosscountries.IntheU.S.urbandwellersonaverageearn19percentmorethantheirruralcousin.
Difficulty:1Easy
Topic:GeographicalImplicationsthatAffectTrade
LearningObjective:09-06Marketingscontributiontothegrowthanddevelopmentofacountry'seconomy.
Bloom's:Remember
AACSB:AnalyticalThinking
Accessibility:KeyboardNavigation
22)Bigemergingmarketsareofmajorpoliticalimportancewithintheirregions.
Answer:TRUE
Explanation:Bigemergingmarketshaveundertakensignificantprogramsofeconomicreformandareofmajorpoliticalimportancewithintheirregions.
Difficulty:1Easy
Topic:ThePotential,Risks,andChallengesofEmergingMarkets
LearningObjective:09-06Marketingscontributiontothegrowthanddevelopmentofacountry'seconomy.
Bloom's:Remember
AACSB:AnalyticalThinking
Accessibility:KeyboardNavigation
23)PolandhasbeenidentifiedasabigemergingmarketbytheDepartmentofCommerce.
Answer:TRUE
Explanation:India,China,Brazil,Mexico,Poland,Turkey,andSouthAfricaareprominentexamplesofcountriestheDepartmentofCommercehasidentifiedasBEMs.
Difficulty:1Easy
Topic:ThePotential,Risks,andChallengesofEmergingMarkets
LearningObjective:09-06Marketingscontributiontothegrowthanddevelopmentofacountry'seconomy.
Bloom's:Remember
AACSB:AnalyticalThinking
Accessibility:KeyboardNavigation
24)CanadaisamemberofNAFTA.
Answer:TRUE
Explanation:ThethreemembersofNAFTAaretheUnitedStates,Canada,andMexico.
Difficulty:1Easy
Topic:NorthAmerica'sMarketplaceintheWorldEconomy
LearningObjective:09-06Marketingscontributiontothegrowthanddevelopmentofacountry'seconomy.
Bloom's:Remember
AACSB:AnalyticalThinking
Accessibility:KeyboardNavigation
25)TheUnitedStates–CanadaFreeTradeArea(CFTA)wasacustomsunionliketheEuropeanCommunity.
Answer:FALSE
Explanation:TheagreementbetweentheUnitedStatesandCanadawasnotacustomsunionliketheEuropeanCommunity;noeconomicorpoliticalunionofanykindwasinvolved.Itprovidedonlyfortheeliminationoftariffsandothertradebarriers.
Difficulty:1Easy
Topic:NorthAmerica'sMarketplaceintheWorldEconomy
LearningObjective:09-06Marketingscontributiontothegrowthanddevelopmentofacountry'seconomy.
Bloom's:Remember
AACSB:AnalyticalThinking
Accessibility:KeyboardNavigation
26)TheDR-CAFTAincludesawidearrayoftariffreductionsaimedatincreasingtradeandemployment.
Answer:TRUE
Explanation:TheCentralAmerica–DominicanRepublic–UnitedStatesFreeTradeAgreement(DR-CAFTA)includesawidearrayoftariffreductionsaimedatincreasingtradeandemploymentamongthesevensignatories.Thus,itrepresentsanotherimportantsteptowardtheultimategoalofafreetradeagreementencompassingalltheAmericas.
Difficulty:1Easy
Topic:TradePolicyandGovernmentInterventioninInternationalTrade
LearningObjective:09-07ThefoundationalmarketmetricsofAmericannations.
Bloom's:Understand
AACSB:AnalyticalThinking
Accessibility:KeyboardNavigation
27)Mercosuristhelargestcommon-marketagreementintheAmericas.
Answer:FALSE
Explanation:SouthernConeFreeTradeArea(Mercosur)isthesecond-largestcommon-marketagreementintheAmericasafterNAFTA.
Difficulty:1Easy
Topic:TradePolicyandGovernmentInterventioninInternationalTrade
LearningObjective:09-08ThegrowingimportanceoftradingassociationsamongAmericannations.
Bloom's:Remember
AACSB:AnalyticalThinking
Accessibility:KeyboardNavigation
28)TheMercosuroriginallyenvisionedcentralinstitutionssimilartothoseoftheEuropeanUnioninstitutions.
Answer:FALSE
Explanation:SouthernConeFreeTradeArea(Mercosur)memberswereconcernedaboutsacrificingsovereigncontrolovertaxesandotherpolicymatters;hencetheagreementenvisionednocentralinstitutionssimilartothoseoftheEuropeanUnioninstitutions.
Difficulty:1Easy
Topic:TradePolicyandGovernmentInterventioninInternationalTrade
LearningObjective:09-08ThegrowingimportanceoftradingassociationsamongAmericannations.
Bloom's:Understand
AACSB:AnalyticalThinking
Accessibility:KeyboardNavigation
29)OneofthemostimportantaspectsoftheLatinAmericanIntegrationAssociation(LAIA)thatdiffersfromLAFTA,itspredecessor,isthedifferentialtreatmentofmembercountriesaccordingtotheirlevelofeconomicdevelopment.
Answer:TRUE
Explanation:OneofthemostimportantaspectsofLAIAthatdiffersfromLAFTA,itspredecessor,isthedifferentialtreatmentofmembercountriesaccordingtotheirlevelofeconomicdevelopment.
Difficulty:1Easy
Topic:TradePolicyandGovernmentInterventioninInternationalTrade
LearningObjective:09-08ThegrowingimportanceoftradingassociationsamongAmericannations.
Bloom's:Remember
AACSB:AnalyticalThinking
Accessibility:KeyboardNavigation
30)Asacountrydevelops,marketbehaviorchangesandeventuallyitleadstomarketsegmentation.
Answer:TRUE
Explanation:Asacountrydevelops,incomeschange,populationconcentrationsshift,expectationsforabetterlifeadjusttohigherstandards,newinfrastructuresevolve,andsocialcapitalinvestmentsaremade.Marketbehaviorchanges,andeventuallygroupsofconsumerswithcommontastesandneeds(i.e.,marketsegments)arise.
Difficulty:1Easy
Topic:TheRoleoftheMarketingMixinInternationalMarketing
LearningObjective:09-08ThegrowingimportanceoftradingassociationsamongAmericannations.
Bloom's:Understand
AACSB:AnalyticalThinking
Accessibility:KeyboardNavigation
31)WhichcountryisanMDC(more-developedcountry)?
A)Brazil
B)Russia
C)Germany
D)Argentina
E)Vietnam
Answer:C
Explanation:GermanyisaMDCs(more-developedcountries).TheUnitedNationsclassifiesacountry'sstageofeconomicdevelopmentonthebasisofitslevelofindustrialization.Itgroupscountriesintothreecategories:MDCs(more-developedcountries),LDCs(less-developedcountries),andLLDCs(least-developedcountries).
Difficulty:1Easy
Topic:TheChangingNatureoftheGlobalEconomy
LearningObjective:09-01Theimportanceoftimezonesfortraderelationshipsandmarketingoperations.
Bloom's:Remember
AACSB:AnalyticalThinking
Accessibility:KeyboardNavigation
32)AccordingtotheU.S.DepartmentofCommerce,LatinAmericanandotheremergingmarketswillaccountfor________oftheworld'stotalgrowthinthenexttwodecadesandbeyond.
A)20%
B)30%
C)50%
D)75%
E)90%
Answer:D
Explanation:LatinAmericanandotheremergingmarketsthroughouttheworldwillaccountfor75percentoftheworld'stotalgrowthinthenexttwodecadesandbeyond,accordingtoU.S.DepartmentofCommerceestimates.
Difficulty:1Easy
Topic:ThePotential,Risks,andChallengesofEmergingMarkets
LearningObjective:09-02Thepoliticalandeconomicchangesaffectingglobalmarketing.
Bloom's:Remember
AACSB:AnalyticalThinking
Accessibility:KeyboardNavigation
33)Whatisconsideredthesinglemostimportantenvironmentalelementofacountrytowhichtheforeignmarketermustadjustthemarketingtask?
A)politicalstability
B)economiclevel
C)socialnorms
D)literacylevel
E)culturalorientation
Answer:B
Explanation:Theeconomiclevelofacountryisthesinglemostimportantenvironmentalelementtowhichtheforeignmarketermustadjustthemarketingtask.Thestageofeconomicgrowthwithinacountryaffectstheattitudestowardforeignbusinessactivity,thedemandforgoods,thedistributionsystemsfoundwithinacountry,andtheentiremarketingprocess.
Difficulty:1Easy
Topic:TheChangingNatureoftheGlobalEconomy
LearningObjective:09-03Theconnectionbetweentheeconomiclevelofacountryandthemarketingtask.
Bloom's:Remember
AACSB:AnalyticalThinking
Accessibility:KeyboardNavigation
34)Dynamiceconomiesdifferfromstaticeconomiesinthatdynamiceconomies
A)neednotmatchmarketingeffortswiththemarketneedsandwants.
B)haverapidlychangingconsumptionpatterns.
C)haveahighlypredictableandloyalconsumerbase.
D)definemarketingastypicallynothingmorethanasupplyeffort.
E)donotrequireamarketertobepreparedforeconomicshiftsandemergingmarkets.
Answer:B
Explanation:Inadynamiceconomy,consumptionpatternschangerapidly.Marketingconstantlyfacesthechallengeofdetectingandprovidingfornewlevelsofconsumption,andmarketingeffortsmustbematchedwithever-changingmarketneedsandwants.
Difficulty:2Medium
Topic:TheChangingNatureoftheGlobalEconomy
LearningObjective:09-03Theconnectionbetweentheeconomiclevelofacountryandthemarketingtask.
Bloom's:Understand
AACSB:AnalyticalThinking
Accessibility:KeyboardNavigation
35)Economic________referstoanincreaseinnationalproductionthatisreflectedbyanincreaseintheaveragepercapitagrossdomesticproductorgrossnationalincome.
A)repression
B)duress
C)equilibrium
D)development
E)sustainability
Answer:D
Explanation:Economicdevelopmentisgenerallyunderstoodtomeananincreaseinnationalproductionreflectedbyanincreaseintheaveragepercapitagrossdomesticproduct(GDP)orgrossnationalincome(GNI).
Difficulty:1Easy
Topic:EconomicDevelopment
LearningObjective:09-03Theconnectionbetweentheeconomiclevelofacountryandthemarketingtask.
Bloom's:Remember
AACSB:AnalyticalThinking
Accessibility:KeyboardNavigation
36)The________classifiesacountry'sstageofeconomicdevelopmentonthebasisofitslevelofindustrializationintothreecategoriesandthethreecategoriesareMDCs,LDCs,andLLDCs.
A)U.S.DepartmentofCommerce
B)NorthAtlanticTreatyOrganization
C)InternationalOrganizationforStandardization
D)UnitedNations
E)InternationalDevelopmentAssociation
Answer:D
Explanation:TheUnitedNationsclassifiesacountry'sstageofeconomicdevelopmentonthebasisofitslevelofindustrializationintothreecategoriesandthethreecategoriesareMDCs,LDCs,andLLDCs.
Difficulty:1Easy
Topic:EconomicDevelopment
LearningObjective:09-03Theconnectionbetweentheeconomiclevelofacountryandthemarketingtask.
Bloom's:Remember
AACSB:AnalyticalThinking
Accessibility:KeyboardNavigation
37)AccordingtotheUnitedNations'stagesofeconomicdevelopmentforclassifyingcountriesbasedonlevelsofindustrialization,inwhichcategorydoesanindustrializedcountrywithhighpercapitaincomefall?
A)less-developedcountries
B)least-developedcountries
C)more-developedcountries
D)frontiermarkets
E)pre-emergingmarkets
Answer:C
Explanation:Industrializedcountrieswithhighpercapitaincomes,suchasCanada,England,France,Germany,Japan,andtheUnitedStatesfallintothecategoryofmore-developedcountries.
Difficulty:1Easy
Topic:EconomicDevelopment
LearningObjective:09-03Theconnectionbetweentheeconomiclevelofacountryandthemarketingtask.
Bloom's:Remember
AACSB:AnalyticalThinking
Accessibility:KeyboardNavigation
38)WhichstatementistrueaboutMDCs(more-developedcountries)?
A)Thesecountriesarejustenteringworldtrade.
B)Themajorityoftheirpopulationsstayinruralareas.
C)Thesecountrieshavehighpercapitaincomes.
D)Thesecountrieshavelittleworldtradeinvolvement.
E)Thesecountrieshavemainlyagrarianeconomies.
Answer:C
Explanation:More-developedcountries(MDCs)areindustrializedcountrieswithhighpercapitaincomes.ExamplesincludeCanada,England,France,Germany,Japan,andtheUnitedStates.
Difficulty:2Medium
Topic:EconomicDevelopment
LearningObjective:09-03Theconnectionbetweentheeconomiclevelofacountryandthemarketingtask.
Bloom's:Understand
AACSB:AnalyticalThinking
Accessibility:KeyboardNavigation
39)AccordingtotheUnitedNations'stagesofeconomicdevelopmentforclassifyingcountriesbasedonlevelsofindustrialization,Canadafallsunderthecategoryof________countries.
A)ThirdWorld
B)least-developed
C)more-developed
D)less-developed
E)pre-emerging
Answer:C
Explanation:Industrializedcountrieswithhighpercapitaincomes,suchasCanada,England,France,Germany,Japan,andtheUnitedStatesareclassifiedasMDCs(more-developedcountries).
Difficulty:1Easy
Topic:EconomicDevelopment
LearningObjective:09-03Theconnectionbetweentheeconomiclevelofacountryandthemarketingtask.
Bloom's:Remember
AACSB:AnalyticalThinking
Accessibility:KeyboardNavigation
40)AccordingtotheUnitedNations'stagesofeconomicdevelopmentforclassifyingcountriesbasedonlevelsofindustrialization,________countriesconsistofindustriallydevelopingcountriesjustenteringworldtradewithrelativelylowpercapitaincomes.
A)firstworld
B)least-developed
C)less-developed
D)ThirdWorld
E)more-developed
Answer:C
Explanation:Less-developedcountries(LDCs)areindustriallydevelopingcountriesjustenteringworldtradeandhaverelativelylowpercapitaincomes.
Difficulty:1Easy
Topic:EconomicDevelopment
LearningObjective:09-03Theconnectionbetweentheeconomiclevelofacountryandthemarketingtask.
Bloom's:Remember
AACSB:AnalyticalThinking
Accessibility:KeyboardNavigation
41)Acountrythatisindustriallyunderdeveloped,a
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