LSUS MBA 776 DARRAT EXAM 3 TESTED
QUESTIONS AND COMPLETE SOLUTIONS
◉ 1) Traditional rural/agricultural sector
2) Modern urban/high income sector
3) Large transitional sector, low income
Answer: Three distinct types of markets coexisting in a country
◉ BEMs
Answer: Geographically large markets with significant
populations and have sizable markets for wide ranges of products
and high growth rates
◉ India, China, Brazil, Mexico, Poland, Turkey and South Africa
Answer: Example countries that are BEMs
◉ Brazil, Russia, India, China and South Africa
Answer: BRICS
◉ USMCA
Answer: New "NAFTA": agreement between U.S, Mexico, and
Canada aimed to make fairer trades between the U.S and its
neighbors
, ◉ DR-CAFTA
Answer: Dominican Republic-Central America Free Trade
Agreement that includes a wide array of tariff reductions
◉ Mercosur
Answer: Pact among Argentina, Brazil, Paraguay, and Uruguay to
establish a free trade area; most successful free trade area in
South America
◉ Mulitnational market regions
Answer: groups of countries that seek mutual economic benefit
from reducing interregional trade and tariff barriers
◉ Economic union
Answer: Success requires favorable economic, political, and
cultural and geographic factors
◉ 1) Regional Cooperation Groups
2) Free Trade Area
3) Customs Union
4) Common Market
5) Political Union
Answer: 5 fundamental groupings for regional economic
integration
QUESTIONS AND COMPLETE SOLUTIONS
◉ 1) Traditional rural/agricultural sector
2) Modern urban/high income sector
3) Large transitional sector, low income
Answer: Three distinct types of markets coexisting in a country
◉ BEMs
Answer: Geographically large markets with significant
populations and have sizable markets for wide ranges of products
and high growth rates
◉ India, China, Brazil, Mexico, Poland, Turkey and South Africa
Answer: Example countries that are BEMs
◉ Brazil, Russia, India, China and South Africa
Answer: BRICS
◉ USMCA
Answer: New "NAFTA": agreement between U.S, Mexico, and
Canada aimed to make fairer trades between the U.S and its
neighbors
, ◉ DR-CAFTA
Answer: Dominican Republic-Central America Free Trade
Agreement that includes a wide array of tariff reductions
◉ Mercosur
Answer: Pact among Argentina, Brazil, Paraguay, and Uruguay to
establish a free trade area; most successful free trade area in
South America
◉ Mulitnational market regions
Answer: groups of countries that seek mutual economic benefit
from reducing interregional trade and tariff barriers
◉ Economic union
Answer: Success requires favorable economic, political, and
cultural and geographic factors
◉ 1) Regional Cooperation Groups
2) Free Trade Area
3) Customs Union
4) Common Market
5) Political Union
Answer: 5 fundamental groupings for regional economic
integration
