GEB3373 Exam 3

The population of Southeast Asia is approximately ___ billion.

.5

About ____ of India's population is online.

1/2

Vietnam started reforming its economy in the

1980s

Most countries in Latin America gained independence in the ____ century.

19th

South Africa joined the BRICS for the first time in

2011

India's has a statutory corporate tax rate of about ___ percent.

25

US President ________ normalized trade relations with Vietnam in the ____.

Clinton; 1990s

The first MENA country to normalize relations with Israel was

Egypt

According to the Southeast Asia PESTEL lecture, _____ currently operates a factory in _____.

Intel; Vietnam

In what region does a history of conflict and political instability, as well as current unrest, increase the risk of doing business there?

Middle East

In Burma/Myanmar, the minority Rohingya _____ have been persecuted.

Muslims

South Africa's first democratically elected president was

Nelson Mandela

Africa's biggest oil exporter is

Nigeria

Lusophone countries speak ________.

Portuguese

________ is the most culturally diverse region in the world.

SSA

Most FDI inflows into Southeast Asia go to

Singapore, Indonesia, and Vietnam

According to the RMPF lecture, ______ has the largest and most active capital market in the SSA region.

South Africa

According to the SSA lecture, which SSA economy lost the most growth during COVID?

South Africa

The uprisings across the MENA region in 2011 are collectively known as the Arab

Spring

Ethiopia exports the most to _______ and imports the most from _______.

Sudan; China

In ____ and _____ civil war is ongoing.

Syria; Yemen

The stock market in Saudi Arabia is known as the

Tadawul

According to the SSA lecture, which SSA economy grew the most during COVID?

Tanzania

India's current GDP is near $ ____ trillion.

3

Suppose Country X has a Gini coefficient of 0.1. What does this mean?

A large number of people earn a large proportion of the income in the country

According to the SSA PESTEL lecture, Kenya's next election is scheduled for

August 2022

One of the main reasons it has been considered risky to conduct business in the Middle East is

The region's history of conflict and political unrest

The current ruling party of India is the

BJP

Brazil imports the most from ____ and exports the most to _____.

China; China

Saudi Arabia exports the most to _______ and imports the most from _______.

China; China

Thailand imports the most from ____ and exports the most to _____.

China; the US

According to the SSA lecture, the majority of the population in the region practice

Christianity

T/F At the beginning of the financial crisis of 2007-2008, compared with conventional, Western banks, Islamic banks experienced only minor profit losses, and credit and asset growth remained strong.

True

Kenya exports the most to _______ and imports the most from _______.

Uganda; China

The Doha Round refers to

WTO trade negotiations

_______ is the very conservative type of Islam practiced in Saudi Arabia.

Wahhabism

An emerging market is defined as having

a faster-growing economy than high-income nations

According to the India PESTEL lecture, which of the following gestures may confuse Americans?

a head shake

According to the SSA lecture, which of the following is one of Africa's biggest economies? a. Angola b. Gabon c. Tanzania d. Zimbabwe

a. Angola

According to the SSA lecture, all of the following countries have had colonies in SSA EXCEPT a. Russia b. the UK c. France d. Portugal

a. Russia

Which of the following is an example of a political union/full integration? a. United States b. NAFTA c. European Union d. MERCOSUR

a. United States

All of the following are disadvantages to the Philippines as a potential foreign market EXCEPT a. income equality b. dependence on exports c. weak business environment d. the country's "War on Drugs"

a. income equality

All of the following are disadvantages to Argentina as a potential foreign market EXCEPT a. low inflation b. government debt default c. weak institutions d. dependent on agriculture

a. low inflation

All of the following are main sectors in India that attract FDI inflows EXCEPT

agriculture

Which of the following countries is NOT a member of MERCOSUR? a. Argentina b. Chile c. Brazil d. Venezuela

b. Chile

Which of the following emerging markets have experienced low currency volatility during COVID? a. Turkey b. India c. Brazil d. all of these

b. India

All of the following are African free-trade agreements EXCEPT a. SADC b. PEMDAS c. CEMAC d. ECOWAS

b. PEMDAS

According to the Latin America lecture, all of the following are top exports from Colombia EXCEPT a. coffee b. cars c. petroleum d. coal

b. cars

According to the lecture, Southeast Asia has attracted significant FDI over the last 10 years for all the following reasons EXCEPT a. its strategic location b. increasing government involvement c. increasing wages in China d. favorable demographics

b. increasing government involvement

According to the MENA lecture, all of the following are considered advantages of Egypt as a foreign market EXCEPT a. adequate foreign reserves b. internal debt repayments c. financial reforms d. geostrategic location

b. internal debt repayments

According to the SSA PESTEL lecture, all of the following are considered advantages of Ethiopia as a foreign market EXCEPT a. partnership with China b. low FDI inflows c. large population d. fast growth

b. low FDI inflows

All of the following are disadvantages to Brazil as a potential foreign market EXCEPT a. high taxes b. low production costs c. inequality d. large deficits

b. low production costs

All of the following are advantages to the Philippines as a potential foreign market EXCEPT a. stable fiscal policy b. low remittance inflows c. stable monetary policy d. strong banking system

b. low remittance inflows

All of the following are members of the Quad EXCEPT a. Australia b. India c. China d. Japan

c. China

According to the Southeast Asia PESTEL lecture, all of the following are top exports from the Philippines EXCEPT a. electrical machinery b. electrical appliances c. cars d. BPO services

c. cars

All of the following are considered risks of Saudi Arabia as a foreign market EXCEPT a. potential for religious conflict b. high unemployment c. enduring regional stability d. oil dependence

c. enduring regional stability

All of the following are considered advantages of Nigeria as a foreign market EXCEPT a. hydrocarbons supply b. natural gas reserves c. falling oil prices d. Africa's largest economy

c. falling oil prices

Which of the following countries will fully regain COVID-induced economic losses by 2022? a. Venezuela b. Ecuador c. none of these d. Bolivia

c. none of these

According to the SSA PESTEL lecture, all of the following are considered advantages of Kenya as a foreign market EXCEPT a. location on the continent b. large population c. relationships with international financial institutions d. vibrant tourism sector

c. relationships with international financial institutions

Indian culture is much more _____ than US culture.

communal

According to the Southeast Asia PESTEL lecture, all of the following are considered the largest cities in the region EXCEPT a. Manila b. Jakarta c. Bangkok d. Hanoi

d. Hanoi

According to the MENA lecture, all of the following nations normalized relations with Israel in 2020 EXCEPT a. Bahrain b. United Arab Emirates c. Morocco d. Jordan

d. Jordan

All of the following are BRICS nations EXCEPT a. Brazil b. Russia c. China d. Singapore

d. Singapore

India's ban on large bills was designed to a. decrease corruption b. increase tax compliance c. decrease the money supply d. all of these

d. all of these

According to the Southeast Asia PESTEL lecture, all of the following are top exports from the Philippines EXCEPT a. BPO services b. electrical appliances c. electrical machinery d. cars

d. cars

All of the following are considered risks of Nigeria as a foreign market EXCEPT a. ethic and religious tensions b. corruption c. operational security d. diversified economy

d. diversified economy

Which of the following is cited as one of the causes of the 1997 Asian Currency Crisis? a. significant capital outflows b. an extended period of financial stability c. a coup in Thailand d. increasing trade deficits

d. increasing trade deficits

According to the SSA PESTEL lecture, all of the following are considered risks of Ethiopia as a foreign market EXCEPT a. human rights abuses b. government deficits c. its location on the continent d. lessening aid dependence

d. lessening aid dependence

According to the SSA PESTEL lecture, all of the following are considered advantages of Ethiopia as a foreign market EXCEPT a. large population b. fast growth c. partnership with China d. low FDI inflows

d. low FDI inflows

The economy of sub-Saharan Africa depends largely on all of the following EXCEPT a. agriculture b. minerals c. oil d. manufacturing

d. manufacturing

All of the following are considered advantages of Saudi Arabia as a foreign market EXCEPT a. trade surplus b. oil supply c. relations with the US d. minimal foreign reserves

d. minimal foreign reserves

All of the following are considered advantages of the UAE as a foreign market EXCEPT a. natural resources b. strong financial industry c. trade surplus d. peaceful elections for the head of state

d. peaceful elections for the head of state

According to the Southeast Asia PESTEL lecture, all of the following are shared cultural concepts throughout the region EXCEPT a. group harmony b. power respect c. face d. restraint

d. restraint

All of the following are advantages to Thailand as a potential foreign market EXCEPT a. geographic location b. diversified economy c. manageable public debt d. tensions with China

d. tensions with China

Inflation in the MENA region is forecasted to ________ over the next five years.

decline

Based on the Kuznets Curve, ____ is the most important factor that impacts environmental degradation in a country.

economic growth

Singapore's top goods export is

electrical machinery

Malaysia's top goods export is

electrical machinery and appliances

T/F The majority of Africa's GDP comes from manufacturing.

false

According to the Latin America lecture, a potential advantage of Venezuela as a foreign market is its

geographical location

According to the India PESTEL lecture, a person's social status is most likely to be conferred by

group membership

According to the Southeast Asia PESTEL, the value of Malaysia's external debt denominated in foreign currency is equal to about _____ the size of the country's GDP.

half

An accurate way to describe culture in the MENA region is

high-context

According to the SSA lecture, ________ is the best way to describe cultures in SSA.

higher-context

In 2020, FDI inflows into India ____ by almost ___ percent.

increased; 30

Burma/Myanmar is currently run by the

military

Israel's top goods export is

minerals

In Indian culture, saying ___ is considered very rude.

no

Indian culture is much more _____ than US culture.

power-respecting

According to the MENA lecture, ___________ has/have aided Israel's economic recovery from the COVID pandemic.

rapid vaccine and booster rollouts

What kind of legal system is found in Saudi Arabia?

religious law

India's currency is the

rupee

According to the India PESTEL lecture, unemployment is especially a problem in

rural areas

According to the SSA PESTEL lecture, Kenya is considered _____ risk for international businesses.

sensitive

Nigeria is considered _____ risk for international businesses.

sensitive

South Africa is considered _____ risk for international businesses.

sensitive

In the MENA lecture, what personal product was used as an example of how religion affects marketing campaigns?

shampoo

The value of India's currency is determined by

supply and demand

Vietnam's top goods export is

telecom equipment

The top goods export of Burma/Myanmar is

textiles

India's legal system has been heavily influenced by

the UK

Israel exports the most to _______ and imports the most from _______.

the US; China

Venezuela imports the most from ____ and exports the most to _____.

the US; India

Colombia imports the most from ____ and exports the most to _____.

the US; the US

T/F According to the Latin America RMPF lecture, the region is not known as a strong base of manufacturing compared with other regions in the world.

true

T/F The 1997 Asian currency crisis affected more than just Asian countries.

true

According to the India PESTEL lecture, tariff rates in India have traditionally been

volatile

During COVID, GDP growth in the MENA region fell by almost _____ percent.

4

According to the India PESTEL lecture, almost ___ percent of public service users paid a bribe in the last year.

40

Almost ____ languages are spoken in Latin America today.

400

According to the SSA lecture, removing trade barriers across the continent of Africa could increase regional income by $_____ billion.

450

India is the world's _____ emitter of carbon dioxide.

4th largest

According to the India PESTEL lecture, ___ percent of India's GDP comes from the ___ sector.

55; services

Argentina is the number ___ global exporter of ____.

5; wine

Latin America grew by approximately ___ percent in 2021 and is expected to grow by about ____ in 2022.

6; 3

About ___ percent of Southeast Asia's population lives in ____ areas.

75; rural

According to the World Justice Project Rule of Law Index, India ranks

79

By how much is India expected to grow in 2022?

8.5%

In the MENA region, ______ percent of Muslims are ____.

80-90; Sunni

During COVID, India's economic growth fell by __ percent.

9

____ percent of India's international trade volume is transported via _____.

90; water

According to an infographic in the MENA lecture, ____ percent of countries in the region restrict the type of jobs women can do.

93

AFTA stands for the _____ Free Trade Area.

ASEAN

Which Asian trade bloc was created partly in response to the threat of Communism in the late 1960s?

ASEAN

France previously colonized and controlled ______ in the MENA region.

Algeria, Morocco, and Tunisia

The lowest inflation rate in Latin American can currently be found in

Bolivia

According to the Latin America RMPF lecture, _____ has had the most active stock exchange in the region; _____'s stock exchange has the highest market capitalization.

Brazil; Brazil

According to the MENA lecture, the root cause of slow post-COVID growth in the MENA region is

COVID

The main religion practiced in Latin America is

Catholicism

According to the India PESTEL lecture the Quad is designed to deal with security issues involving

China

According to the SSA lecture, the country of ______ has made a concerted effort to expand its political and economic influence in Africa in recent years.

China

According to the Southeast Asia PESTEL lecture, significant minority population from ______ can be found in countries around the region.

China

The top trading partner of Burma/Myanmar is

China

______ is an African economic initiative that also has a military mandate.

ECOWAS

According to the Southeast Asia PESTEL lecture, Singapore is similar ________ as a center for banking and technology.

Hong Kong

According to the Southeast Asia PESTEL lecture, significant minority population from ______ can be found in countries around the region.

India

According to the RMPF lecture, to distribute its products successfully in SSA, Coca-Cola uses

local microdistributors

According to the Southeast Asia PESTEL lecture, across the region, monetary policy is currently _____ and fiscal policy is currently ____.

loose; loose

Israel is considered _____ risk for international businesses.

low

Compared with trends pre-COVID, growth in the MENA region is expected to be

lower

Egypt is considered _____ risk for international businesses.

medium

Malaysia is considered _____ risk for international businesses.

medium

The UAE is considered _____ risk for international businesses.

medium

Indonesia is considered _____ for international businesses.

medium risk

According to the PESTEL lecture, Singapore is considered _____ risk for international businesses.

medium-low

South Africa's top export is

metal materials

The top goods export of Indonesia is

oils and fats

India recently imposed export controls on ____ due to ____.

onions; flooding

According to Freedom House, most countries in SSA West Africa are rated ______; most in East Africa are rated ______.

partly free; partly free

According to the India PESTEL lecture, in Indian business culture, ______ are very important.

personal relationships

Egypt's top goods export is

petroleum

Saudi Arabia's top export is

petroleum

The UAE's top goods export is

petroleum

According to the India PESTEL lecture, IP rights in India are limited in the area of

pharmaceuticals

____ is/are considered a weakness/weaknesses of Indonesia as a foreign market.

poor infrastructure

In terms of FDI in the MENA region, "the three T's" refer to

trade, transport, and tourism

According to the India PESTEL lecture, _______ caused India's FDI inflows to _____ in 2020.

the need for supply-chain diversification; increase