Several Factors Are Important for Achieving Faster Economic Growth

question 317

Multiple Choice

Several factors are important for achieving faster economic growth. Which of the following is one of those factors?

• A) expansion of international trade
• B) increased government expenditure
• C) increased taxes on saving
• D) promotion of consumption expenditure

Recognize the role of cultural, administrative, geographic, and economic distances in international expansion.

Identify consumer biases towards local versus foreign products.

Understand the implications of different entry modes on a company's control over operations and brand.

Assess the risks and rewards associated with various foreign market entry strategies.

---

Definitions:

Rapid Population Growth

A significant increase in the population of an area, often leading to overpopulation and environmental strain.

Developing Countries

Nations with a lower living standard, underdeveloped industrial base, and low Human Development Index (HDI) relative to other countries.

Pollution Impact

The adverse effects on the environment and living organisms due to contaminants introduced by human and natural actions.

Premature Deaths

Deaths that occur before the average age of death in a certain population.