Exam 2: The Global Economic Environment

China is the first BRICS nation in the upper-middle-income category with a GNI per capita income of $8,260 in 2016.

Myanmar,a low-income country in Southeast Asia with a population of 52 million people,can be considered an emerging market.

Which one of the following nations falls in the lower-middle-income category?

The world economy has changed profoundly since the end of the World War II.Perhaps the most fundamental changes that took place include all of the following except:

The United Nations designates 50 countries in the bottom ranks of the low-income category named as:

In Sweden,where the government controls two-thirds of all expenditures,resource allocation is more "market" oriented than "command" oriented.

The big emerging markets (BEMs),include:

Approximately 25 percent of the world population is included in the low-income countries category as per the World Bank classification system.

In centrally planned socialism economic systems,the state allocates resources,whereas production resources are privately owned.

When a company conducts business across boundaries in countries with different currencies,it is thrust into the turbulent world of exchange risk.

Traditionally economists identified four main types of economic systems.However,due to globalization it is harder to categorize the systems this narrowly.What will be more robust descriptive criteria that can be used for classification?

Myanmar people are very similar to Japanese in some ways.

According to the authors of the Harvard Business Review article,"Serving the World's Poor,Profitably," which of the following is a mistaken assumption that global companies might have about the BOP (bottom of the pyramid)?

Traditionally economists identified main types of economic systems,which include all of the following except:

With per capita income of less than $700,Ethiopians enjoyed more than a decade of double-digit economic expansion due to all of the following reasons,except:

The United States' growing trade deficit reflects a number of factors,which exclude:

For decades,the economies of China,the former Soviet Union,and India functioned according to the tenets of:

The general characteristics shared by low-income countries do not include:

The top global merchandise exporter is:

With a 2016 GNI per capita of $1,680,India has transitioned out of the low-income category and is now classified as an upper-middle-income country.