Exam (elaborations)
MAR 3023 FAU quiz 3 (1)
- Course
- Biochemistry Module 3
- Institution
- Biochemistry Module 3
MAR 3023 FAU quiz 3 (1)
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MAR 3023 FAU quiz 3One of the functions of the International Monetary Fund is to: - CORRECT
ANSWER-help member countries manage their debt by providing resources to them.
Marketers are attracted to countries with a growing middle class because a nation's:
- CORRECT ANSWER-purchasing capability tends to increase as the proportion of
middle-income households increases.
Platia (P) and Orania (O) are two neighboring countries that engage in foreign trade.
In a particular month, P$1 is equivalent to O$2. Three months later, P$1 is
equivalent to O$2.5. How will this currency fluctuation impact trade between the two
countries? - CORRECT ANSWER-This change in currency rate will increase the
demand for Oranian goods in Platia.
What is the relationship between purchasing power and inflation? - CORRECT
ANSWER-Purchasing power decreases with rising inflation.
Which of the following exemplifies a strategy to cater to the sociocultural factor of
busier families in America? - CORRECT ANSWER-The launch of online
ticket-booking options
Cunaxa (CX), an agrarian nation, has a GDP of CX$ 23 million in 2013 during the
first quarter. During the next two quarters, it records a GDP of CX$21 million and
CX$ 20.5 million respectively. This trend can be classified as a(n): - CORRECT
ANSWER-recession
Assuming that a kilo of wheat sold for $1 in 2002 and $3 in 2013, which of the
following can be inferred? - CORRECT ANSWER-The purchasing power of the
consumers has decreased.
The _____ authorizes the Federal Trade Commission to restrict unfair or deceptive
acts. - CORRECT ANSWER-Wheeler-Lea Amendment
consumer confidence decreases. - CORRECT ANSWER-If the economy of a country
contracts and people lose jobs:
Why do marketers tend to target educated consumers? - CORRECT ANSWER-They
are more likely to comprehend an advertising message.
Which of the following is true of the World Trade Organization? - CORRECT
ANSWER-It is the only international organization dealing with the rules of trade
between nations.
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