Global Marketing Business 76.4

Exam 1 Review Part 1

Chapters 1,2,3,4,5

Chapter 2 The Global Economic Environment

1.

2-4 T; p. 49 A

2.

2-7 T; p. 49 A

3.

2-20 F; pp. 58–60 B

4. 5.

6.

2-26 F; p. 66 B 2-56 pp. 51–55 Market Socialism 2-62 e pp. 58–60 E

7.

2-65 c pp. 58–60 C

8.

2-63 p. 58 (Table 2) High income countries

The dollar value of worldwide capital movements exceeds the value of merchandise and services trade. a. True b. False The phrase “a $1.5 trillion day” could be used to describe the daily volume of capital movements in world markets. a. True b. False The largest percentage of the world’s population lives in low-income countries with GNP per capita