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| 1 | |
According to the book, economic analyses become more complex when a firm enters overseas markets because |
| | A) | the uncontrollable economic variables must be forecast. |
| | B) | management must operate in two new environments, foreign and international. |
| | C) | economists know less about foreign exchange rates. |
| | D) | analysts must now forecast the values for both socioeconomic and economic variables. |
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| 2 | |
From comparisons of income distribution studies over time, it appears that in early stages of development: |
| | A) | income inequality decreases. |
| | B) | income inequality stays the same. |
| | C) | the upper and lower quintiles grow at the expense of the middle quintile. |
| | D) | the middle quintile grows at the expense of the upper and lower quintiles. |
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| 3 | |
Because _____ consumer expenditures eliminate differences in relative prices, marketers use these data to analyze the change in composition consumption with the level of development. |
| | A) | normalized |
| | B) | inflation-free |
| | C) | PPP-based |
| | D) | historical-cost |
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| 4 | |
According to the text, population size |
| | A) | provides a basis for estimating the consumption of low-priced, mass-consumption products, such as cigarettes and soap. |
| | B) | and GNI/capita are necessary for estimating consumption of low-priced, mass-consumption products such as soap and soft drinks. |
| | C) | alone is insufficient for estimating consumption of any product. |
| | D) | and employment rates are sufficient for estimating consumption of low-priced, mass-consumption products such as soap and economy automobiles. |
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| 5 | |
Generally, because of higher birth rates, |
| | A) | developed nations have more youthful populations than do developing nations. |
| | B) | developing nations have more youthful populations than developed nations. |
| | C) | there is an increasing demand in developed nations for products used in schools and for products used by children. |
| | D) | the developed nations provide markets for transportation systems, fertilizer, and appliances. |
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