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International Business Opportunities and Challenges Study Set 1

Business

Quiz 4 :

World Economies

Quiz 4 :

World Economies

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Companies selling expensive goods and services are more interested in economies with low per capita GDP.
Free
True False
Answer:

Answer:

False

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The GDP per person adjusted for purchasing power helps professionals to evaluate what consumers in the local market can actually afford.
Free
True False
Answer:

Answer:

True

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Africa serves as an attractive destination for investors because of its low trade tariffs and the untapped spending power of the African population.
Free
True False
Answer:

Answer:

False

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In a country, if the per capita GDP adjusted for purchasing power is lower than the nominal per capita GDP, it implies that local consumers can afford more with their incomes.
True False
Answer:
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The World Trade Organization (WTO)has given clear definitions for "developed" and "developing" countries.
True False
Answer:
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The human development index (HDI)also reflects political participation and gender inequalities.
True False
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The differences between the OER- and PPP-denominated GDP values for most of the wealthy industrialized countries are generally much smaller than those for the developing nations.
True False
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The economies of developing countries usually rely heavily on one or more key industries, often related to commodities like oil, minerals mining, or agriculture.
True False
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One of the peculiar features of the UAE is that expatriates outnumber the local citizens, or nationals.
True False
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Developing countries enjoy benefits in some WTO Agreements such as longer transition periods before they are required to fully implement the agreement.
True False
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The total size of the economy is a better indicator of the strength of the local economy and the market opportunity for a new consumer product than the income per person.
True False
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A single language and a homogeneous cultural identity in Africa make it easier for advertisement companies to reach a wider audience with their ads.
True False
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The nominal per capita GDP can be misleading because actual costs in each country differ.
True False
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The greater the gender disparity in basic capabilities, the lower a country's GDI compared with its HDI.
True False
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In some industries in the UAE, it is mandatory for companies outside the free-trade zone to have an Emirati sponsor or partner.
True False
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If a WTO member announces itself as a developing country it automatically means that it will benefit from the unilateral preference schemes of some of the developed country members.
True False
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The German law guarantees free unregulated private enterprise.
True False
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The richest countries may not always have the largest local markets.
True False
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In the WTO, it is the preference giving country, which decides the list of developing countries that will benefit from schemes such as the Generalized System of Preferences (GSP).
True False
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If a country has a large black, or underground, market for transactions, it will not be included in the official GDP.
True False
Answer:
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