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| 1 | |
Walt Rostow presented a five-stage model in the text that outlined the various stages that a country might go through as it advanced itself up the economic and industrialization ladder. Which of the following stages would most likely be the first stage of development that a country would go through? |
| | A) | preconditions to take-off |
| | B) | an age of consumerism |
| | C) | the traditional society |
| | D) | a move from maturity to new technology |
| | E) | none of the above is the correct first stage |
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| 2 | |
When a country achieves a growth pattern that becomes a normal condition and has human resources and social overhead sufficient to sustain steady development, the country can be said to be at which of the following stages of economic development? |
| | A) | the traditional society |
| | B) | the preconditions for take-off |
| | C) | the take-off |
| | D) | the drive to maturity |
| | E) | the age of high mass consumption |
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| 3 | |
Industrialized countries with high per capita incomes such as Canada, France, and Germany are called: |
| | A) | MDCs (more-developed countries). |
| | B) | LDCs (less-developed countries). |
| | C) | MODCs (most-developed countries). |
| | D) | HSCs (highly-sophisticated countries). |
| | E) | none of the above. |
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| 4 | |
Some countries such as Brazil, Mexico, and South Korea are experiencing rapid economic expansion and industrialization and do not exactly fit into established categories of industrialization; therefore, a new category has been created for these countries called: |
| | A) | LDCs (less-developed countries). |
| | B) | LLDCs (least-developed countries). |
| | C) | MDCs (more-developed countries). |
| | D) | NICs (newly industrialized countries). |
| | E) | ICCs (infrastructure contributing countries). |
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| 5 | |
NICs such as Brazil, Mexico, and South Korea have all shown the characteristics listed below EXCEPT FOR the characteristic of: |
| | A) | political instability in policies that somewhat retards certain forms of growth. |
| | B) | economic and legal reforms. |
| | C) | entrepreneurship. |
| | D) | planning. |
| | E) | incentives to force a high rate of domestic savings. |
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| 6 | |
Which of the following is considered to be an infrastructure variable that might affect growth of an economy? |
| | A) | roads |
| | B) | railroads |
| | C) | communications networks |
| | D) | energy supplies |
| | E) | all of the above are infrastructure variables |
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| 7 | |
Next to the United States, which of the following countries has the most roads (per 1000 km)? |
| | A) | Brazil |
| | B) | China |
| | C) | Japan |
| | D) | India |
| | E) | South Africa |
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| 8 | |
An economy's arbitrator between productive capacity and consumer demand is: |
| | A) | management. |
| | B) | marketing. |
| | C) | advertising. |
| | D) | logistics. |
| | E) | manufacturing. |
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| 9 | |
The coexistence of modern and traditional sectors within a country's economy is called: |
| | A) | economic dualism. |
| | B) | economic pluralism. |
| | C) | demand escalation. |
| | D) | the synergy effect. |
| | E) | none of the above. |
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| 10 | |
If a country is in the marketing phase (mass distribution sub-stage) of the evolution of the marketing process, its distribution channels are controlled by the: |
| | A) | traditional authority. |
| | B) | middlemen. |
| | C) | producer only. |
| | D) | retailer only. |
| | E) | producer/retailer. |
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| 11 | |
Which of the following countries has the highest number of TVs per 1000 people? |
| | A) | United States |
| | B) | Japan |
| | C) | United Kingdom |
| | D) | Canada |
| | E) | Australia |
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| 12 | |
Markets that account half the world's population and for 25 percent of the industrialized world's GDP are called: |
| | A) | NICs (newly-industrialized countries). |
| | B) | BEMs (big emerging markets). |
| | C) | MDCs (more-developed countries). |
| | D) | MODCs (most-developed countries). |
| | E) | none of the above is correct |
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| 13 | |
Big emerging markets share a number of important traits. Which of the following is one of those traits? |
| | A) | are world political forces |
| | B) | are all located in Asia |
| | C) | have all grown at the expense of their neighbors |
| | D) | have significant populations |
| | E) | all of the above are traits of BEMs. |
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| 14 | |
Many countries in Eastern Europe have not fared well with respect to GDP (gross domestic product) since the collapse of the Soviet Union. However, one country has extremely well generating a GDP of $143.6 billion. Which of the following is that country? |
| | A) | Poland |
| | B) | Romania |
| | C) | Czech Republic |
| | D) | Slovenia |
| | E) | Bulgaria |
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| 15 | |
One of the following countries far outdistances its Asian neighbors with respect to GDP with $5,647.7. Which country is it? |
| | A) | Australia |
| | B) | China |
| | C) | Hong Kong |
| | D) | Japan |
| | E) | Taiwan |
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