K
C
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DAVIS D270 FINAL
EXAMINATION PRACTICE
D
QUESTIONS AND CORRECT
U
DETAILED ANSWERS LATEST
ST
UPDATE
, T/F 85% of the worlds population lives in a developed economy - ANS True
T/F 2-4% of developed economies citizens work on farms while 30-90% of developing
do - ANS True
Who are the 5 largest developing economies in 2016 (hint...not BRICS) - ANS China,
India, Russia, Brazil, & Indonesia
T/F Approximately 2.1 billion people in the developing world live on less than US$3.10 a
day. - ANS T
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Define POVERTY - ANS Poverty is the state of having little or no money, few or no
C
material possessions, and limited access to education, health, and community.
Developing countries have ____ national gross income per capita while also
LO
maintaining pockets of _____. (answers are inverse but related) - ANS 1.) LOWER
2.) WEALTH
Example of marketing tactics that need to be reassessed when advertising in a foreign
country. - ANS Can the consumers read? What is their literacy rate? Just because an
YC
American company advertises shampoo in Ethiopia, does not mean they can read the
billboard...in fact most people in Ethiopia cannot read!
Examples of developing economies - ANS Angola, Ethiopia, Indonesia, and Pakistan,
D
Examples of Emerging Economies/Economies in Transition (Also called FRONTIER
MARKETS and newly industrializing countries) - ANS BRICS
U
BRICS - ANS Brazil, Russia, India, China, South Africa
There are roughly 30 emerging economies
ST
What is an emerging economy? - ANS Nations experiencing accelerated growth in
productivity, manufacturing, exporting which results in material improvements
Financial, political, and market systems are soon to be modernized.
Difference between emerging economies and developing countries - ANS
TECHNICALLY, emerging economies are developing countries, but their accelerated
pace of performance and growth rate set them apart. Emerging economies also have
higher productivity and more prosperity compared to developing countries.
C
LO
YC
DAVIS D270 FINAL
EXAMINATION PRACTICE
D
QUESTIONS AND CORRECT
U
DETAILED ANSWERS LATEST
ST
UPDATE
, T/F 85% of the worlds population lives in a developed economy - ANS True
T/F 2-4% of developed economies citizens work on farms while 30-90% of developing
do - ANS True
Who are the 5 largest developing economies in 2016 (hint...not BRICS) - ANS China,
India, Russia, Brazil, & Indonesia
T/F Approximately 2.1 billion people in the developing world live on less than US$3.10 a
day. - ANS T
K
Define POVERTY - ANS Poverty is the state of having little or no money, few or no
C
material possessions, and limited access to education, health, and community.
Developing countries have ____ national gross income per capita while also
LO
maintaining pockets of _____. (answers are inverse but related) - ANS 1.) LOWER
2.) WEALTH
Example of marketing tactics that need to be reassessed when advertising in a foreign
country. - ANS Can the consumers read? What is their literacy rate? Just because an
YC
American company advertises shampoo in Ethiopia, does not mean they can read the
billboard...in fact most people in Ethiopia cannot read!
Examples of developing economies - ANS Angola, Ethiopia, Indonesia, and Pakistan,
D
Examples of Emerging Economies/Economies in Transition (Also called FRONTIER
MARKETS and newly industrializing countries) - ANS BRICS
U
BRICS - ANS Brazil, Russia, India, China, South Africa
There are roughly 30 emerging economies
ST
What is an emerging economy? - ANS Nations experiencing accelerated growth in
productivity, manufacturing, exporting which results in material improvements
Financial, political, and market systems are soon to be modernized.
Difference between emerging economies and developing countries - ANS
TECHNICALLY, emerging economies are developing countries, but their accelerated
pace of performance and growth rate set them apart. Emerging economies also have
higher productivity and more prosperity compared to developing countries.
