"BRIC" Is a Term Coined in 2001 to Refer to a Group

question 26

Multiple Choice

"BRIC" is a term coined in 2001 to refer to a group of countries at about the same stage of advanced economic development. The BRIC countries are

• A) Belgium, Romania, Italy, and Canada.
• B) Brazil, Russia, India, and China.
• C) Britain, Romania, Israel, and Colombia.
• D) Brazil, Russia, Italy, and Chile.

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Definitions:

Multi-Stage Model

A conceptual framework that describes a process or phenomenon as occurring in distinct phases or stages over time.

Reaction

The process of responding to internal or external stimuli, which can involve physical, emotional, or intellectual responses.

Denial

A psychological defense mechanism where a person refuses to accept reality or facts, hence avoiding dealing with painful feelings.

Learning Organization

Describes an organization that facilitates the learning of its members and continuously transforms itself to better respond to changes in the environment.