According to the world bank are high income countries

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12. According to the World Bank, ______ are high-income countries, while ______ are upper middle income countries.
Difficulty: 3 QuestionID: 05-1-12 Page-Reference: 98 Skill: Knowledge Objective: 5.1 Answer: Australia, Japan, and Israel; China, Argentina, and South Africa
13. The major reasons why Mexico has recently become a major manufacturing centre are
Difficulty: 2 QuestionID: 05-1-13 Page-Reference: 98 Skill: Comprehension Objective: 5.1 Answer: cheap labour and low transportation costs. 14. The country that has economically dominated Western Europe is
Difficulty: 2 QuestionID: 05-1-14 Page-Reference: 98 Skill: Knowledge Objective: 5.1 Answer: Germany. 15. Which areas represent the three major market places for international business?
Difficulty: 2 QuestionID: 05-1-15 Page-Reference: 98 Skill: Knowledge Objective: 5.1 Answer: North America, Europe, and Asia-Pacific 16. With regard to the BRIC countries, it is correct to say that they all emphasize the export of raw materials. they all have a low level of industrialization at the moment, but are progressing rapidly. Russia is the strongest in terms of manufacturing. Brazil is at the front of the pack in terms of optimism and opportunity. All of these statements are correct.
Difficulty: 3 QuestionID: 05-1-16 Page-Reference: 99 Skill: Comprehension Objective: 5.2 Answer: Brazil is at the front of the pack in terms of optimism and opportunity.
17. Which of the following is correct with respect to the BRIC countries?
Difficulty: 2 QuestionID: 05-1-17 Page-Reference: 99 Skill: Comprehension Objective: 5.2 Answer: In terms of opportunities and optimism, Brazil leads this group.

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