SOLVED

41) BRIC countries are examples of ________ economies. A) raw material exporting B) industrializing C) subsistence D) industrial E) totalitarian 42) Which of the following characterizes emerging economies? A) Industrialization typically creates a new rich class and a growing middle class, both demanding new types of imported goods. B) They trade goods among themselves and also export them to other types of economies for raw materials and semifinished goods. C) Most African countries fall into this category. D) They consume most of their output and barter the rest for simple goods and services. E) These countries are the best markets for large equipment, tools and supplies, and trucks. 43) The BRIC countries are ________. A) Bolivia, the Republic of Haiti, Israel, and Chile B) Britain, the Republic of the Marshall Islands, Ireland, and the Commonwealth of Australia C) Brazil, Russia, India, and China D) Burundi, Rwanda, Ivory Coast, and Congo E) Belarus, Romania, Iceland, and Czech Republic 44) Industrializing economies are also known as ________ economies. A) emerging B) raw material exporting C) totalitarian D) subsistence E) capitalist 45) India needs more imports of raw materials such as textiles, steel, and heavy machinery and fewer imports of finished textiles, paper products, and automobiles. In the context of industrial structures, India is most likely a(n) ________ economy. A) subsistence B) totalitarian C) raw material exporting D) agrarian E) industrializing 46) ________ are major exporters of manufactured goods, services, and investment funds. A) Raw material exporting economies B) Subsistent economies C) Industrializing economies D) Industrial economies E) Emerging economies 47) Which of the following is an example of an industrial economy? A) Japan B) China C) Vietnam D) India E) North Korea 48) Countries with ________ economies consist mostly of households with very low family incomes. A) industrial B) industrializing C) raw material exporting D) emerging E) subsistence 49) The United States and Norway are examples of ________ economies. A) subsistence B) industrializing C) emerging D) industrial E) raw material exporting 50) Foreign businesses in China appear to receive unusually close scrutiny and harsh treatment from Chinese authorities, aimed at boosting the fortunes of local competitors. This includes trade tariffs, quotas, restrictions, etc. This reflects that a country’s ________ should be carefully considered before doing business in that country. A) political-legal environment B) industrial structure C) cultural norms D) natural resources E) income distribution