
BIBM 101_2
Authored by Olga Gonokhova
Business
University
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following best describes the U.S. in the world economy?
A. A low-cost manufacturing center
B. The world's largest consumer market
C. A small open economy
D. A resource-scarce economy
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which region is known for high purchasing power, advanced infrastructure, and significant global influence?
Southeast Asia
Western Europe
Central Africa
Central Asia
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
One key economic feature of Eastern European markets is:
High labor costs and strong unions
Transition from centrally planned to market economies
Total trade isolation
No foreign investment presence
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following makes Africa a challenging but opportunity-rich market?
Advanced telecommunications and widespread income equality
Infrastructure gaps, political risk, and resource wealth
Low growth potential
High dependence on agriculture exports to the U.S.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which country is a member of both the G7 and BRICS?
China
Brazil
None – the two groups are mutually exclusive
South Africa
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a typical challenge when entering foreign markets?
Political instability
Legal and regulatory differences
Currency fluctuation
Guaranteed protection by host governments
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which strategy is most commonly used by governments to protect domestic industries?
Technology transfer agreements
Foreign Direct Investment
Tariffs and import quotas
Free-trade agreements
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