Ch 1 - Practice Questions with Verified Answers
The term "emerging economies" has replaced ANSWER -BRIC (Brazil, Russia, India, and
the term _____. - ANSWER -Developing China)
Countries
People who live in the Triad countries comprise
The _____ is measured as the sum of value the _____ of the global economic pyramid. -
added by resident firms, households, and ANSWER -Top Tier
governments operating in an economy. -
ANSWER -Gross Domestic Product
Viewing the global economy as a pyramid, the
Triad refers to _____. - ANSWER -North
A conversion that determines the equivalent America, Western Europe, and Japan
amount of goods and services that different
currencies can buy is known as _____. -
ANSWER -Purchasing Power Parity Which of the following countries is represented in
the Triad of the global economic pyramid?
a. India
The gross domestic product plus the income b. China
from non-resident sources abroad gives the c. Japan
____. - ANSWER -Gross National Product d. Russia - ANSWER -Japan
Which of the following countries would be Which of the following regions in the global
characterized as an emerging economy? economic pyramid would comprise developed
Brazil nations?
USA a. The base
Germany b. The Triad
Japan - ANSWER -Brazil c. The second tier
d. The outlier - ANSWER -The Triad
Which of the following groups is primarily
composed of emerging economies? - People who earn _____ a year comprise the
ANSWER -BRIC base of the global economic pyramid. -
ANSWER -less than $2,000
Which of the following countries is included in
BRIC? Which of the following is true of economies in the
a. Belgium base of the global economic pyramid?
b. Russia a. They are composed of developed economies.
c. Italy b. They are composed of people from North
d. Canada - ANSWER -Russia America, Western Europe, and Japan.
c. They are largely ignored by MNEs.
d. They attract the largest FDI from MNEs. -
More than half of all GDP of emerging ANSWER -They are largely ignored by
economies comes from _____. - MNEs
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The term "emerging economies" has replaced ANSWER -BRIC (Brazil, Russia, India, and
the term _____. - ANSWER -Developing China)
Countries
People who live in the Triad countries comprise
The _____ is measured as the sum of value the _____ of the global economic pyramid. -
added by resident firms, households, and ANSWER -Top Tier
governments operating in an economy. -
ANSWER -Gross Domestic Product
Viewing the global economy as a pyramid, the
Triad refers to _____. - ANSWER -North
A conversion that determines the equivalent America, Western Europe, and Japan
amount of goods and services that different
currencies can buy is known as _____. -
ANSWER -Purchasing Power Parity Which of the following countries is represented in
the Triad of the global economic pyramid?
a. India
The gross domestic product plus the income b. China
from non-resident sources abroad gives the c. Japan
____. - ANSWER -Gross National Product d. Russia - ANSWER -Japan
Which of the following countries would be Which of the following regions in the global
characterized as an emerging economy? economic pyramid would comprise developed
Brazil nations?
USA a. The base
Germany b. The Triad
Japan - ANSWER -Brazil c. The second tier
d. The outlier - ANSWER -The Triad
Which of the following groups is primarily
composed of emerging economies? - People who earn _____ a year comprise the
ANSWER -BRIC base of the global economic pyramid. -
ANSWER -less than $2,000
Which of the following countries is included in
BRIC? Which of the following is true of economies in the
a. Belgium base of the global economic pyramid?
b. Russia a. They are composed of developed economies.
c. Italy b. They are composed of people from North
d. Canada - ANSWER -Russia America, Western Europe, and Japan.
c. They are largely ignored by MNEs.
d. They attract the largest FDI from MNEs. -
More than half of all GDP of emerging ANSWER -They are largely ignored by
economies comes from _____. - MNEs
1/3
