What Is the Significance of the BRIC and CIVETS Economies

question 17

Multiple Choice

What is the significance of the BRIC and CIVETS economies?

• A)These economies will have the most opportunity for profitability in 5 years.
• B)These economies have the most lax regulations and, therefore, are the easiest markets for firms to enter.
• C)These economies will allow more and more consumers to join the middle class.
• D)These economies are not significant for firms.

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Definitions:

Sample Statistic

A measure derived from a sample portion of a population, typically used to estimate the characteristics of the entire population.

Population Parameter

A population parameter is a numerical value that represents a characteristic of an entire population, such as its mean or standard deviation.

Point Estimate

A statistical measure that provides the best single value estimate of a population parameter.

Mean Amount

The average value of a set of numbers, calculated by adding all the values and dividing by the count of numbers.