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MKTG 411

Chapter 9

QuestionAnswer
Identify a factor that has increased trade among nations In developing regions of the world, countries have loosened their trade and investment policies.
According to the classification system of the United Nations, which of the following are true of less-developed countries? They are just beginning to trade globally. They are developing their industries.
The economy often expands in a newly industrialized country when the state privatizes some of its enterprises, then uses that operating capital for strategically important projects.
The Internet affects the economies of countries by decreasing the transaction costs of small firms.
When trading with the Middle East and Africa, what advantage does Europe have over Asia and the Americas? They are part of the same market region, and they share time zones.
International trade has grown in recent years because people around the world are improving their standard of living.
Which of the following do developing countries strive to achieve as they grow their economies? (Check all that apply.) Social equality A heightened sense of moral responsibility among the citizens Industrialization
An industrially developing country called Moonopia has recently begun trading at an international level. How would the United Nations classify Moonopia's stage of economic development? less-developed country
Capital goods that support the needs of various industries are also known as infrastructure. social overhead capital.
Which factors contribute to the economic growth of newly industrialized countries? (Check all that apply.) orientation toward exports encouragement of self-employment political stability
The Internet affects small firms by helping them market their products globally.
Time zones have the greatest influence on the success of the international marketers commercial efforts abroad. True
How does marketing affect a nation's economy? It helps ensure that as the country produces more goods, consumers will want to buy them.
To achieve economic growth, developing nations are transferring state-owned enterprises into private ownership.
How does an increase in the quality of infrastructure impact an economy? It increases the ability of businesses to be effective.
In a newly industrialized country, the economy tends to grow when raw materials, technology, and funding are available for business purposes.
In an underdeveloped country, marketers must consider how much the market in that country has already been developed.
In the evolution of the marketing process, which marketing institutions are most likely to exist during the agricultural and raw materials stage? small-scale merchants, traders, and fairs
One of the most common mistakes among economic planners is thinking distribution of goods is not as important as the production of them.
Highways, telephone systems, financial institutions, and electric power lines are part of a country's infrastructure.
Which sector tends to work in the countryside? the agricultural sector
True or false: Marketers should use the same marketing strategies in all underdeveloped economies. False
Identify a feature of big emerging markets. They include numerous countries, but only a few of those countries are generating most of the economic growth.
Which substage of the marketing process is primarily oriented toward subsistence? the self-sufficient stage
How does marketing affect a nation's economy?
The North American Free Trade Agreement exists among Canada, Mexico, and the United States.
Identify the countries that are bound by the Dominican Republic–Central American Free Trade Agreement. (Check all that apply.) Honduras,, El Salvador,,Costa Rica, Nicaragua, Guatemala, United States, Dominican Republic
the modern urban/high-income sector people who belong to an expanding Westernized middle class
the traditional rural sector people who tend to work in the countryside
the transitional sector people with low incomes, who live in urban slums
Mercosur, the second-largest common-market agreement in the Americas, is based on the Treaty of Asunción.
Identify an accurate statement about big emerging markets. Half of the people in the world live in one.
The objective of the North American Free Trade Agreement among Mexico, Canada, and the United States was to eliminate all trade barriers between the countries.
The objective of the Dominican Republic–Central American Free Trade Agreement (DR-CAFTA) is to create jobs and encourage commerce.
Which of the following reflects economic progress in Latin American countries? encouraging private ownership of businesses
The second-largest common-market agreement in the Americas is Mercosur.
True or false: Because Mercosur has helped improve the economies of its member states, other Latin American countries are forming similar economic cooperation groups. True
Which of the following aimed at creating a free trade area extending from Alaska to Argentina? the North American Free Trade Agreement
Which of the following occurs when the incomes of people increase? People at all income levels buy more products of all kinds.
The economic progress in Latin American countries is marked by governments transferring their enterprises to privately owned companies.
Identify the factors that created economic chaos in Latin American countries and eventually led to the formation of economic cooperation groups. (Check all that apply.) Policies were designed to protect the economies of individual countries. Businesses had to comply with too many regulations. Money was owed to other countries. Vital industries were owned by governments instead of private companies.
The North American Free Trade Agreement aimed to ultimately establish the Free Trade Area of the Americas.
Identify an accurate statement about a country in which the income of its citizens is rising. The middle class begins to buy more expensive items.
Created by: agordon93
 

 



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