Question

true-false questions

my nova - Yahoo Search Results MCC Single Sign a l Statements: (1) The purpose of economic analysis is to assess the overall outlook of the economy and the impact of economic changes on the firm. (2) The international environment includes all the uncontrollable forces originating outside the home country that surround and influence the firm. (3) International economic analyses should provide economic data on both actual and prospective markets. (4) A common basis for assessing economic development is gross domestic income. (5) Economies with per capital incomes in the low to middle range that are in a transition toward developed status are referred to as emerging market economies. (6) To estimate market potential, managers require data on the size and the rates of change of economic and socioeconomic factors. (7) To compare the purchasing power of nations, managers need to know how many people gross national income (GNI) is divided among. (8) Purchasing power parity refers to the number of units of a currency required to buy the same amounts of goods and services in the domestic market that one dollar would buy in the United States (9) A simple calculation based on GDP total population, and income distribution may indicate that a country is not an adequate market. (10) Discretionary income is the amount left after paying taxes. (11) Sir Isaac Newton established the price of gold and de facto put England on the gold standard. (12) The complexity of the gold standard was a part of its appeal. (13) As a result of Bretton Woods and the resulting dollar's use as a proxy for gold, the U.S.ran up a balance of payments deficit which led to the U.S. going off the gold exchange standard. (14) One possible current currency arrangement is a fixed pes, where the exchange rate of a currency is allowed to move (within a narrow band) with another currency.

Answer 1

There are multiple questions.

Answering the first four questions:

1) It is correct to state that economic analysis centres around assessing economic outlook and impact of economic changes on firms. Hence, the statement is True

2) It is said that foreign environment are uncontrollable and in relation to home country, they are outside forces originating outside the home country, but influencing the firms operating in home country and the economic environment. Hence, the statement is True

3) It shall be noted that international economic environment are uncontrollable as far as home country is concerned. Given that there is dependence of home country on rest of the world economies, it is necessary that economic analysis that focusses on international economic outlook should not only provide actual data but also data on prospective markets.

Hence, the statement is True

4) For assessing economic development, the common basis is per-capita income and not gross domestic income.

Hence, the statement is False.

5) As per the popular definition, an emerging market economy (EME) is with low to middle per capita income and is moving towards becoming developed country.

Hence, the statement is True