Exam (elaborations)
MAR 3023 FAU quiz 3 (1)
- Course
- Biochemistry Module 3
- Institution
- Biochemistry Module 3
MAR 3023 FAU quiz 3 (1)
[Show more]
Seller
Follow
Content preview
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.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller scholartutor. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for CA$11.82. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
52510 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now