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. Group 1 will discuss advanced economies, Group 2 will address the characteristics of developing economies, and Group 3 will focus on emerging markets.
-Which of the following refers to a distinctive trait of the type of economy discussed by Group 1?
A) minimal trade barriers
B) low trade volume
C) low inward FDI
D) poor industrialization

Question

Quizplus · Accepted Answer

Advanced economies typically have minimal trade barriers, facilitating a high volume of international trade. This is a distinguishing characteristic compared to developing or emerging markets, which may have higher barriers and restrictions on trade.

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