Class Reports (Scenario)
Prof. Jacob Middleton has divided students in his international business class into three groups. Each group has been assigned the task of presenting an overview of a major country group and outlining its distinguishing characteristics. Three students have been selected as group leaders: Jordan, Elaine, and Andrei. Jordan's group will discuss advanced economies, Elaine's group will address the characteristics of developing economies, and Andrei's groups will focus on emerging markets.
-Which of the following refers to a distinctive trait of the type of economy discussed by Jordan's group?
A) minimal trade barriers
B) low trade volume
C) low inward FDI
D) poor industrialization

Question

Quizplus · Accepted Answer

Advanced economies are characterized by minimal trade barriers, as they usually have bilateral and multilateral agreements with other countries to promote free trade. This allows them to have a high trade volume and attract more foreign direct investment (FDI). Additionally, advanced economies are highly industrialized, so option D (poor industrialization) is incorrect. Option C (low inward FDI) is also incorrect, as advanced economies typically receive a significant amount of FDI.

Class Reports (Scenario) Prof. Jacob Middleton Has Divided Students in His International Business