Impact Of Technology On Asian Students And United States...

Technology is also very important with a student’ education. There are so many uses for technology that can show beneficial for both Asian students and United States students. Throughout the United States there is a wide variety of technology available for teachers. Mathematics Analysis Software, like scientific calculators, function graphers, and geometry packages are made available for students. Since the 1990’s a change in mathematics education has taken place because of the implementation of new ways to help students understand math a little better. This new way helps to implement information technology advancements (Tcheang, 2014). Informational Textbooks It is very important to incorporate textbooks into math lessons.†¦show more content†¦Books from Singapore are being shipped for use throughout American classrooms, NPR s Robert Smith reports. These text books are thin, paperback affairs filled with pictures and story problems and English written (Smith, 2001). Asian countries like Singapore, have math textbooks that have aroused the interest of educators around America since the nation outscored the rest of the world. In 1996, the 1995 Third International Mathematics and Science Study was released. Teachers from the United States then began purchasing math programs from Singapore to use in their own schools. There are over 100 elementary schools throughout the United States that have purchased textbooks from Singapore according to singaporemath.com, the Oregon City, Ore.-based distributor of the books (Hoff, 2002). Self Determination A child can be motivated to learn, but they have to want to learn as well. There is a myth that Asian American students are born smart, especially when it comes to math. Students of the Asian culture’s emphasis on academic achievement seems to be either the wanting of themselves to succeed or because social environment says you have to succeed (Zhao Qui, 2009). Whichever way the student might think, research agrees that Asian students higher academics is totally a matter of the student wanting to be successful and not a matter of biological imperative (Zhao Qui, 2009). Students in Asian countries use

Pie 123 Free Essays

1. External  economies  of  scale  arise  when  the  cost  per  unit A. rises  as  the  industry  grows  larger. We will write a custom essay sample on Pie 123 or any similar topic only for you Order Now B. falls  as  the  industry  grows  larger  rises  as  the  average  firm  grows  larger. C. falls  as  the  average  firm  grows  larger. D. remains  constant. E. None  of  the  above. Answer:  B 2. Internal  economies  of  scale  arise  when  the  cost  per  unit A. rises  as  the  industry  grows  larger. B. falls  as  the  industry  grows  larger. C. rises  as  the  average  firm  grows  larger. D. falls  as  the  average  firm  grows  larger. E. None  of  the  above. Answer:  D 3. External  economies  of  scale A. ay  be  associated  with  a  perfectly  competitive  industry. B. cannot  be  associated  with  a  perfectly  competitive  industry. C. tends  to  result  in  one  huge  monopoly. D. tends  to  result  in  large  profits  for  each  firm. E. None  of  the  above. Answer:  A 4. Internal   economies  of  scale A. may  be  associated  with  a  perfectly  competitive  industry. B. cannot  be  associated  with  a  perfectly  competitive  industry. C. are  associated  only  with  sophisticated  products  such  as  aircraft. D. cannot  form  the  basis  for  international  trade  . E. None  of  the  above. Answer:  B 5. A  monopolistic  firm A. an  sell  as  much  as  it  wants  for  any  price  it  determines  in  the  market. B. cannot  determine  the  price,  which  is  determined  by  consumer  demand. C. will  never  sell  a  product  whose  demand  is  inelastic  at  the  quantity  sold. D. cannot  sell  additional  quantity  unless  it  raises  the  price  on  each  unit. E. None  of  the  above. Answer:  C 7 6. Monopolistic  competition  is  associated  with A. cut-throat  price  competition. B. product  differentiation. C. explicit  consideration  at  firm  level  of  the  feedback  effects  of  other  firms’ pricing  decisions. D. high  profit  margins. E. None  of  the  above. Answer:  B 29. Two  countries  engaged  in  trade  in  products  with  no  scale  economies,  produced under  conditions  of  perfect  competition,  are  likely  to  be  engaged  in A. monopolistic  competition. B. inter-industry  trade. C. intra-industry  trade. D. Heckscher-Ohlin  trade. E. None  of  the  above. Answer:  B 19. A  monopoly  firm  engaged  in  international  trade  will A. equate  average  to  local  costs. B. equate  marginal  costs  with  foreign  marginal  revenues. C. equate  marginal  costs  with  the  highest  price  the  market  will  bear. D. equate  marginal  costs  with  marginal  revenues  in  both  domestic  and  in foreign  markets. E. None  of  the  above. Answer:  D 9. Where  there  are  economies  of  scale,  the  scale  of  production  possible  in  a  country is  constrained  by A. the  size  of  the  country. B. the  size  of  the  trading  partner’s  country. C. the  size  of  the  domestic  market. D. the  size  of  the  domestic  plus  the  foreign  market. E. None  of  the  above. Answer:  D Brown field : , Green field : 21. A  firm  in  monopolistic  competition A. earns  positive  monopoly  profits  because  each  sells  a  differentiated product. B. earns  positive  oligopoly  profits  because  each  firm  sells  a  differentiated product. C. earns  zero  economic  profits  because  it  is  in  perfectly  or  pure  competition. D. earns  zero  economic  profits  because  of  free  entry. E. None  of  the  above. Answer:  D 16. International  trade  based  on  scale  economies  is  likely  to  be  associated  with A. Ricardian  comparative  advantage. B. comparative  advantage  associated  with  Heckscher-Ohlin  factor- proportions. C. comparative  advantage  based  on  quality  and  service. D. comparative  advantage  based  on  diminishing  returns. E. None  of  the  above. Answer:  E ———————————————Ch7———————————————- . The  effective  rate  of  protection  measures A. the  Ã¢â‚¬Å"true†Ã‚  ad  valorum  value  of  a  tariff. B. the  quota  equivalent  value  of  a  tariff. C. the  efficiency  with  which  the  tariff  is  collected  at  the  customhouse. D. the  protection  given  by  the  tariff  to  domestic  value  added. E. None  of  the  above. Answer:  D 1. Specific  tariffs  are A. import  taxes  stated  in  specific  legal  statutes. B. import  taxes  calculated  as  a  fixed  charge  for  each  unit  of  imported  goods. C. import  taxes  calculated  as  a  fraction  of  the  value  of  the  imported  goods. D. the  same  as  import  quotas. E. None  of  the  above. Answer:  B . Ad  valorem  tariffs  are A. import  taxes  stated  in  ads  in  industry  publications. B. import  taxes  calculated  as  a  fixed  charge  for  each  unit  of  imported  goods. A. import  taxes  calculated  as  a  fraction  of  the  value  of  the  imported  goods. B. the  same  as  import  quotas C. None  of  the  above. Answer:  C The  main  redistribution  effect  of  a  tariff  is  the  transfer  of  income  from A. domestic  producers  to  domestic  buyers. B. domestic  buyers  to  domestic  producers. C. domestic  producers  to  domestic  government. D. domestic  government  to  domestic  consumers. E. None  of  the  above. Answer:  B 21. Which  of  the  following  policies  permits  a  specified  quantity  of  goods  to  be imported  at  one  tariff  rate  and  a  higher  tariff  rate  to  imports  above  this  quantity? A. Import  tariff B. Voluntary  exports  restraint C. Tariff  quota D. Ad  valorum  tariff E. None  of  the  above. Answer:  C 22. Should  the  home  country  be  Ã¢â‚¬Å"large†Ã‚  relative  to  its  trade  partners,  its  imposition  of a  tariff  on  imports  would  lead  to  an  increase  in  domestic  welfare  if  the  terms  of the  trade  rectangle  exceed  the  sum  of  the A. revenue  effect  plus  redistribution  effect. B. protective  effect  plus  revenue  effect. C. consumption  effect  plus  redistribution  effect. D. protective  distortion  effect  plus  consumption  distortion  effect. E. None  of  the  above. Answer:  D An import quota: Is always more costly to a country than an import tariff. Has the same effects on welfare as an import tariff. Generates rents that might go to foreigners. Is always less costly to a country than an import tariff. - - ? ? ——————————-Ch9——————————————- 27. The  imperfect  capital  market  justification  for  infant  industry  promotion A. Assumes  that  new  industries  will  tend  to  have  low  profits. B. Assumes  that  infant  industries  will  soon  mature. C. Assumes  that  infant  industries  will  be  in  products  of  comparative advantage. D. Assumes  that  banks  can  allocate  resources  efficiently. E. None  of  the  above. Answer:  A 2. Sophisticated  theoretical  arguments  supporting  import-substitution  policies include A. Terms  of  trade  effects. B. Scale  economy  arguments. C. Learning  curve  considerations. D. The  problem  of  appropriability. E. None  of  the  above. Answer:  D 14. Which  industrialization  policy  used  by  developing  countries  places  emphasis  on the  comparative  advantage  principle  as  a  guide  to  resource  allocation? A. Export  promotion. B. Import  substitution. C. International  commodity  agreements. D. Infant  Industry  promotion. E. None  of  the  above. Answer:  A 1. The  infant  industry  argument  was  an  important  theoretical  basis  for A. Neo-colonialist  theory  of  international  exploitation. B. Import  Ã¢â‚¬â€œÃ‚  substituting  industrialization. C. Historiography  of  the  industrial  revolution  in  Western  Europe. D. East-Asian  miracle. E. None  of  the  above. Answer:  B 6. The  wage  differential  theory  which  argued  that  shifting  resources  from  agriculture to  manufacturing  entailed  positive  social  benefits  implied  that A. Free  trade  policies  would  promote  competitiveness. B. Free  trade  policies  would  promote  economic  growth  for  both  static  and dynamic  reasons. C. Protectionism  was  likely  to  lead  to  economic  stagnation. D. Protectionism  and  import  substitution  was  likely  to  promote  economic growth. Answer:  D 12. Which  trade  strategy  have  developing  countries  used  to  restrict  imports  of manufactured  goods  so  that  the  domestic  market  is  preserved  for  home  producers, who  thus  can  take  over  markets  already  established  in  the  country? A. International  commodity  agreement. B. Export  promotion. C. Multilateral  contract. D. Import  substitution. E. None  of  the  above. Answer:  D 18. Import  substitution  policies  make  use  of A. Tariffs  that  discourage  goods  from  entering  a  country. B. Quotas  applied  to  goods  that  are  shipped  abroad. C. Production  subsidies  granted  to  industries  with  comparative  advantage. D. Tax  breaks  granted  to  industries  with  comparative  advantage. E. None  of  the  above. Answer:  A 25. The  infant  industry  argument  is  that A. Comparative  advantage  is  irrelevant  to  economic  growth B. Developing  countries  have  a  comparative  advantage  in  agricultural  goods. C. Developing  countries  have  a  comparative  advantage  in  manufacturing. D. Developing  countries  have  a  potential  comparative  advantage  in manufacturing. E. None  of  the  above. Answer:  D 26. The  infant  industry  argument  calls  for  active  government  involvement A. Only  if  the  government  forecasts  are  accurate. B. Only  if  some  market  failure  can  be  identified. C. Only  if  the  industry  is  not  one  already  dominated  by  industrial  countries. D. Only  if  the  industry  has  a  high  value  added. E. None  of  the  above. Answer:  B 30. Import  substitution  policies  have  over  time  tended  to  involve  all  but  the  following A. Overlapping  import  quotas. B. Exchange  controls. C. Domestic  content  rules. D. Simple  tariffs. E. Multiple  exchange  rate  schemes. Answer:  D 35. The  HPAE  (High  Performance  Asian  Economies)  countries A. Have  all  consistently  supported  free  trade  policies. B. Have  all  consistently  maintained  import-substitution  policies. C. Have  all  consistently  maintained  non-biased  efficient  free  capital  markets . D. Have  all  maintained  openness  to  international  trade. E. None  of  the  above. Answer:  D ================================ch11========================== 1. The  world’s  economies  can  be  divided  into  four  main  categories  according  to their  annual  per-capita  income  levels:  low-income,  lower  middle-income,  upper middle-  income  and  high-income  economies. What  category  would  Pakistan  and India  fall  under? A. Low-income B. Upper  middle-  income C. High-income D. Lower  middle-income E. Pakistan  and  India  fall  between  lower-middle  and  upper-middle Answer:  A 2. While  many  developing  countries  have  reformed  their  economies  in  order  to imitate  the  success  of  the  successful  industrial  economies,  the  process  remains incomplete  and  most  developing  countries  tend  to  be  characterized  by  all  of  the following  except: A. Seigniorage B. Control  of  capital  movements  by  limiting  foreign  exchange  transactions connected  with  trade  in  assets. C. Use  of  natural  resources  or  agricultural  commodities  as  an  important  share of  exports. D. A  worse  job  of  directing  savings  toward  their  most  efficient  investment uses. E. Reduced  corruption  and  poverty  due  to  limited  underground  markets. Answer:  E 4. Compared  with  industrialized  economies,  most  developing  countries  are  poor  in the  factors  of  production  essential  to  modern  industry:  These  factors  are A. capital  and  skilled  labor B. capital  and  unskilled  labor C. fertile  land  and  unskilled  labor D. fertile  land  and  skilled  labor E. water  and  capital Answer:  A 5. The  main  factors  that  discourage  investment  in  capital  and  skills  in  developing countries  are: A. olitical  instability,  insecure  property  rights B. political  instability,  insecure  property  rights,  misguided  economic  policies C. political  instability,  misguided  economic  po licies D. political  instability E. insecure  property  rights,  misguided  economic  policies Answer:  B 6. The  world’s  economies  can  be  divided  into  four  main  categories  according  to their  annual  per-capita  income  levels:  low-income,  lower  middle-income,  upper middle-  income  and  high-income  economies. What  category  would  sub-Saharan Africa  fall  under? A. Low-income B. Upper  middle-  income C. High-income D. Lower  middle-income E. Sub-Saharan  Africa  falls  between  lower-middle  and  upper-middle Answer:  A 7. The  world’s  economies  can  be  divided  into  four  main  categories  according  to their  annual  per-capita  income  levels:  low-income,  lower  middle-income,  upper middle-  income  and  high-income  economies. What  category  would  mainland China  fall  under? A. Low-income B. Upper  middle-  income C. High-income D. Lower  middle-income Answer:  B 8. The  world’s  economies  can  be  divided  into  four  main  categories  according  to their  annual  per-capita  income  levels:  low-income,  lower  middle-income,  upper middle-  income  and  high-income  economies. What  category  would  the  smaller Latin  American  and  Caribbean  countries  fall  under? A. Low-income B. Upper  middle-  income C. High-income D. Lower  middle-income E. Smaller  Latin  American  and  Caribbean  countries  fall  between  low  income and  lower  middle  income Answer:  D 9. The  world’s  economies  can  be  divided  into  four  main  categories  according  to their  annual  per-capita  income  levels:  low-income,  lower  middle-income,  upper middle-  income  and  high-income  economies. What  category  would  the  Saudi Arabia  falls  under? A. Low-income B. Upper  middle-  income C. High-income D. Lower  middle-income E. Saudi  Arabia  falls  between  low  income  and  lower  middle  income economies Answer:  B 10. The  world’s  economies  can  be  divided  into  four  main  categories  according  to their  annual  per-capita  income  levels:  low-income,  lower  middle-income,  upper middle-  income  and  high-income  economies. What  category  would  the  Turkey falls  under? A. Low-income B. Upper  middle-  income C. High-income D. Lower  middle-income E. Turkey  falls  between  low  income  and  lower  middle  income  economies Answer:  B 11. The  world’s  economies  can  be  divided  into  four  main  categories  according  to their  annual  per-capita  income  levels:  low-income,  lower  middle-income,  upper middle-  income  and  high-income  economies. What  category  would  the  Poland, Hungary,  and  the  Czech  and  Slovak  Republics  fall  under? A. Low-income B. Upper  middle-  income C. High-income D. Lower  middle-income E. Poland,  Hungary,  and  the  Czech  and  Slovak  Republics  fall  between  low income  and  lower  middle  income  economies Answer:  B How to cite Pie 123, Essay examples Pie 123 Free Essays 1. External  economies  of  scale  arise  when  the  cost  per  unit A. rises  as  the  industry  grows  larger. We will write a custom essay sample on Pie 123 or any similar topic only for you Order Now B. falls  as  the  industry  grows  larger  rises  as  the  average  firm  grows  larger. C. falls  as  the  average  firm  grows  larger. D. remains  constant. E. None  of  the  above. Answer:  B 2. Internal  economies  of  scale  arise  when  the  cost  per  unit A. rises  as  the  industry  grows  larger. B. falls  as  the  industry  grows  larger. C. rises  as  the  average  firm  grows  larger. D. falls  as  the  average  firm  grows  larger. E. None  of  the  above. Answer:  D 3. External  economies  of  scale A. ay  be  associated  with  a  perfectly  competitive  industry. B. cannot  be  associated  with  a  perfectly  competitive  industry. C. tends  to  result  in  one  huge  monopoly. D. tends  to  result  in  large  profits  for  each  firm. E. None  of  the  above. Answer:  A 4. Internal   economies  of  scale A. may  be  associated  with  a  perfectly  competitive  industry. B. cannot  be  associated  with  a  perfectly  competitive  industry. C. are  associated  only  with  sophisticated  products  such  as  aircraft. D. cannot  form  the  basis  for  international  trade  . E. None  of  the  above. Answer:  B 5. A  monopolistic  firm A. an  sell  as  much  as  it  wants  for  any  price  it  determines  in  the  market. B. cannot  determine  the  price,  which  is  determined  by  consumer  demand. C. will  never  sell  a  product  whose  demand  is  inelastic  at  the  quantity  sold. D. cannot  sell  additional  quantity  unless  it  raises  the  price  on  each  unit. E. None  of  the  above. Answer:  C 7 6. Monopolistic  competition  is  associated  with A. cut-throat  price  competition. B. product  differentiation. C. explicit  consideration  at  firm  level  of  the  feedback  effects  of  other  firms’ pricing  decisions. D. high  profit  margins. E. None  of  the  above. Answer:  B 29. Two  countries  engaged  in  trade  in  products  with  no  scale  economies,  produced under  conditions  of  perfect  competition,  are  likely  to  be  engaged  in A. monopolistic  competition. B. inter-industry  trade. C. intra-industry  trade. D. Heckscher-Ohlin  trade. E. None  of  the  above. Answer:  B 19. A  monopoly  firm  engaged  in  international  trade  will A. equate  average  to  local  costs. B. equate  marginal  costs  with  foreign  marginal  revenues. C. equate  marginal  costs  with  the  highest  price  the  market  will  bear. D. equate  marginal  costs  with  marginal  revenues  in  both  domestic  and  in foreign  markets. E. None  of  the  above. Answer:  D 9. Where  there  are  economies  of  scale,  the  scale  of  production  possible  in  a  country is  constrained  by A. the  size  of  the  country. B. the  size  of  the  trading  partner’s  country. C. the  size  of  the  domestic  market. D. the  size  of  the  domestic  plus  the  foreign  market. E. None  of  the  above. Answer:  D Brown field : , Green field : 21. A  firm  in  monopolistic  competition A. earns  positive  monopoly  profits  because  each  sells  a  differentiated product. B. earns  positive  oligopoly  profits  because  each  firm  sells  a  differentiated product. C. earns  zero  economic  profits  because  it  is  in  perfectly  or  pure  competition. D. earns  zero  economic  profits  because  of  free  entry. E. None  of  the  above. Answer:  D 16. International  trade  based  on  scale  economies  is  likely  to  be  associated  with A. Ricardian  comparative  advantage. B. comparative  advantage  associated  with  Heckscher-Ohlin  factor- proportions. C. comparative  advantage  based  on  quality  and  service. D. comparative  advantage  based  on  diminishing  returns. E. None  of  the  above. Answer:  E ———————————————Ch7———————————————- . The  effective  rate  of  protection  measures A. the  Ã¢â‚¬Å"true†Ã‚  ad  valorum  value  of  a  tariff. B. the  quota  equivalent  value  of  a  tariff. C. the  efficiency  with  which  the  tariff  is  collected  at  the  customhouse. D. the  protection  given  by  the  tariff  to  domestic  value  added. E. None  of  the  above. Answer:  D 1. Specific  tariffs  are A. import  taxes  stated  in  specific  legal  statutes. B. import  taxes  calculated  as  a  fixed  charge  for  each  unit  of  imported  goods. C. import  taxes  calculated  as  a  fraction  of  the  value  of  the  imported  goods. D. the  same  as  import  quotas. E. None  of  the  above. Answer:  B . Ad  valorem  tariffs  are A. import  taxes  stated  in  ads  in  industry  publications. B. import  taxes  calculated  as  a  fixed  charge  for  each  unit  of  imported  goods. A. import  taxes  calculated  as  a  fraction  of  the  value  of  the  imported  goods. B. the  same  as  import  quotas C. None  of  the  above. Answer:  C The  main  redistribution  effect  of  a  tariff  is  the  transfer  of  income  from A. domestic  producers  to  domestic  buyers. B. domestic  buyers  to  domestic  producers. C. domestic  producers  to  domestic  government. D. domestic  government  to  domestic  consumers. E. None  of  the  above. Answer:  B 21. Which  of  the  following  policies  permits  a  specified  quantity  of  goods  to  be imported  at  one  tariff  rate  and  a  higher  tariff  rate  to  imports  above  this  quantity? A. Import  tariff B. Voluntary  exports  restraint C. Tariff  quota D. Ad  valorum  tariff E. None  of  the  above. Answer:  C 22. Should  the  home  country  be  Ã¢â‚¬Å"large†Ã‚  relative  to  its  trade  partners,  its  imposition  of a  tariff  on  imports  would  lead  to  an  increase  in  domestic  welfare  if  the  terms  of the  trade  rectangle  exceed  the  sum  of  the A. revenue  effect  plus  redistribution  effect. B. protective  effect  plus  revenue  effect. C. consumption  effect  plus  redistribution  effect. D. protective  distortion  effect  plus  consumption  distortion  effect. E. None  of  the  above. Answer:  D An import quota: Is always more costly to a country than an import tariff. Has the same effects on welfare as an import tariff. Generates rents that might go to foreigners. Is always less costly to a country than an import tariff. - - ? ? ——————————-Ch9——————————————- 27. The  imperfect  capital  market  justification  for  infant  industry  promotion A. Assumes  that  new  industries  will  tend  to  have  low  profits. B. Assumes  that  infant  industries  will  soon  mature. C. Assumes  that  infant  industries  will  be  in  products  of  comparative advantage. D. Assumes  that  banks  can  allocate  resources  efficiently. E. None  of  the  above. Answer:  A 2. Sophisticated  theoretical  arguments  supporting  import-substitution  policies include A. Terms  of  trade  effects. B. Scale  economy  arguments. C. Learning  curve  considerations. D. The  problem  of  appropriability. E. None  of  the  above. Answer:  D 14. Which  industrialization  policy  used  by  developing  countries  places  emphasis  on the  comparative  advantage  principle  as  a  guide  to  resource  allocation? A. Export  promotion. B. Import  substitution. C. International  commodity  agreements. D. Infant  Industry  promotion. E. None  of  the  above. Answer:  A 1. The  infant  industry  argument  was  an  important  theoretical  basis  for A. Neo-colonialist  theory  of  international  exploitation. B. Import  Ã¢â‚¬â€œÃ‚  substituting  industrialization. C. Historiography  of  the  industrial  revolution  in  Western  Europe. D. East-Asian  miracle. E. None  of  the  above. Answer:  B 6. The  wage  differential  theory  which  argued  that  shifting  resources  from  agriculture to  manufacturing  entailed  positive  social  benefits  implied  that A. Free  trade  policies  would  promote  competitiveness. B. Free  trade  policies  would  promote  economic  growth  for  both  static  and dynamic  reasons. C. Protectionism  was  likely  to  lead  to  economic  stagnation. D. Protectionism  and  import  substitution  was  likely  to  promote  economic growth. Answer:  D 12. Which  trade  strategy  have  developing  countries  used  to  restrict  imports  of manufactured  goods  so  that  the  domestic  market  is  preserved  for  home  producers, who  thus  can  take  over  markets  already  established  in  the  country? A. International  commodity  agreement. B. Export  promotion. C. Multilateral  contract. D. Import  substitution. E. None  of  the  above. Answer:  D 18. Import  substitution  policies  make  use  of A. Tariffs  that  discourage  goods  from  entering  a  country. B. Quotas  applied  to  goods  that  are  shipped  abroad. C. Production  subsidies  granted  to  industries  with  comparative  advantage. D. Tax  breaks  granted  to  industries  with  comparative  advantage. E. None  of  the  above. Answer:  A 25. The  infant  industry  argument  is  that A. Comparative  advantage  is  irrelevant  to  economic  growth B. Developing  countries  have  a  comparative  advantage  in  agricultural  goods. C. Developing  countries  have  a  comparative  advantage  in  manufacturing. D. Developing  countries  have  a  potential  comparative  advantage  in manufacturing. E. None  of  the  above. Answer:  D 26. The  infant  industry  argument  calls  for  active  government  involvement A. Only  if  the  government  forecasts  are  accurate. B. Only  if  some  market  failure  can  be  identified. C. Only  if  the  industry  is  not  one  already  dominated  by  industrial  countries. D. Only  if  the  industry  has  a  high  value  added. E. None  of  the  above. Answer:  B 30. Import  substitution  policies  have  over  time  tended  to  involve  all  but  the  following A. Overlapping  import  quotas. B. Exchange  controls. C. Domestic  content  rules. D. Simple  tariffs. E. Multiple  exchange  rate  schemes. Answer:  D 35. The  HPAE  (High  Performance  Asian  Economies)  countries A. Have  all  consistently  supported  free  trade  policies. B. Have  all  consistently  maintained  import-substitution  policies. C. Have  all  consistently  maintained  non-biased  efficient  free  capital  markets . D. Have  all  maintained  openness  to  international  trade. E. None  of  the  above. Answer:  D ================================ch11========================== 1. The  world’s  economies  can  be  divided  into  four  main  categories  according  to their  annual  per-capita  income  levels:  low-income,  lower  middle-income,  upper middle-  income  and  high-income  economies. What  category  would  Pakistan  and India  fall  under? A. Low-income B. Upper  middle-  income C. High-income D. Lower  middle-income E. Pakistan  and  India  fall  between  lower-middle  and  upper-middle Answer:  A 2. While  many  developing  countries  have  reformed  their  economies  in  order  to imitate  the  success  of  the  successful  industrial  economies,  the  process  remains incomplete  and  most  developing  countries  tend  to  be  characterized  by  all  of  the following  except: A. Seigniorage B. Control  of  capital  movements  by  limiting  foreign  exchange  transactions connected  with  trade  in  assets. C. Use  of  natural  resources  or  agricultural  commodities  as  an  important  share of  exports. D. A  worse  job  of  directing  savings  toward  their  most  efficient  investment uses. E. Reduced  corruption  and  poverty  due  to  limited  underground  markets. Answer:  E 4. Compared  with  industrialized  economies,  most  developing  countries  are  poor  in the  factors  of  production  essential  to  modern  industry:  These  factors  are A. capital  and  skilled  labor B. capital  and  unskilled  labor C. fertile  land  and  unskilled  labor D. fertile  land  and  skilled  labor E. water  and  capital Answer:  A 5. The  main  factors  that  discourage  investment  in  capital  and  skills  in  developing countries  are: A. olitical  instability,  insecure  property  rights B. political  instability,  insecure  property  rights,  misguided  economic  policies C. political  instability,  misguided  economic  po licies D. political  instability E. insecure  property  rights,  misguided  economic  policies Answer:  B 6. The  world’s  economies  can  be  divided  into  four  main  categories  according  to their  annual  per-capita  income  levels:  low-income,  lower  middle-income,  upper middle-  income  and  high-income  economies. What  category  would  sub-Saharan Africa  fall  under? A. Low-income B. Upper  middle-  income C. High-income D. Lower  middle-income E. Sub-Saharan  Africa  falls  between  lower-middle  and  upper-middle Answer:  A 7. The  world’s  economies  can  be  divided  into  four  main  categories  according  to their  annual  per-capita  income  levels:  low-income,  lower  middle-income,  upper middle-  income  and  high-income  economies. What  category  would  mainland China  fall  under? A. Low-income B. Upper  middle-  income C. High-income D. Lower  middle-income Answer:  B 8. The  world’s  economies  can  be  divided  into  four  main  categories  according  to their  annual  per-capita  income  levels:  low-income,  lower  middle-income,  upper middle-  income  and  high-income  economies. What  category  would  the  smaller Latin  American  and  Caribbean  countries  fall  under? A. Low-income B. Upper  middle-  income C. High-income D. Lower  middle-income E. Smaller  Latin  American  and  Caribbean  countries  fall  between  low  income and  lower  middle  income Answer:  D 9. The  world’s  economies  can  be  divided  into  four  main  categories  according  to their  annual  per-capita  income  levels:  low-income,  lower  middle-income,  upper middle-  income  and  high-income  economies. What  category  would  the  Saudi Arabia  falls  under? A. Low-income B. Upper  middle-  income C. High-income D. Lower  middle-income E. Saudi  Arabia  falls  between  low  income  and  lower  middle  income economies Answer:  B 10. The  world’s  economies  can  be  divided  into  four  main  categories  according  to their  annual  per-capita  income  levels:  low-income,  lower  middle-income,  upper middle-  income  and  high-income  economies. What  category  would  the  Turkey falls  under? A. Low-income B. Upper  middle-  income C. High-income D. Lower  middle-income E. Turkey  falls  between  low  income  and  lower  middle  income  economies Answer:  B 11. The  world’s  economies  can  be  divided  into  four  main  categories  according  to their  annual  per-capita  income  levels:  low-income,  lower  middle-income,  upper middle-  income  and  high-income  economies. What  category  would  the  Poland, Hungary,  and  the  Czech  and  Slovak  Republics  fall  under? A. Low-income B. Upper  middle-  income C. High-income D. Lower  middle-income E. Poland,  Hungary,  and  the  Czech  and  Slovak  Republics  fall  between  low income  and  lower  middle  income  economies Answer:  B How to cite Pie 123, Papers

E Business Systems Business Promotion

Question: Discuss about theE Business Systemsfor Business Promotion. Answer: Introduction With the advent of technology, the word of mouth strategy of business promotion has been replaced by the aggressive policy of social media promotion. Nowadays, most of the business organizations set up their own website page, whereby they not only communicate with the customers, but keep them updated about the recent happening of the organization. Providing a variety of information, engaging the customers in an impressive way, through the smart presentation of the facts via an eye soothing website is all a company needs to prosper. Although most of the organizations have opened up a website of the own, very few of them are able to grab the attention of the visitors. Hence, the present task intends to consider the important restaurant organizations operating in the restaurant industry- KFC, McDonalds, Burger King and Aldeerah, and critically analyze the effectiveness of their websites in terms of the 7C Model. Analysis of the Websites in Terms of 7C Model The 7C model of website analysis consists of context, connection, content, community, customization, commerce and communication. The different aspects of the model are used to analyze the websites of the companies in the fast food restaurant sector among the world. It can be seen that an ideal website will contain all these aspects in a right proportion so that the user can experience satisfaction in using this website (Akincilar Dagdeviren, 2014). The context of the websites of four companies should portray the screen to face customer interface which can be categorized as functionality and aesthetics. The color scheme, aesthetics, section breakdown, functionality of the websites must be up to the mark. The content features about the appeal mix, multimedia mix, timeliness mix, product dominant, category killer, information, specialty store, service dominant, etc. The community can be defined as the cohesion, relationship, effectiveness, self-regulation, language, interaction tools, c ommunity classifications, etc. In terms of customization, it can be classified as tailoring, personalization, generic, etc (Gehrels, Wienen Mendes, 2016). The aspect of commerce includes the functional features of e-commerce. The types of connection used are outside links, popup windows, outsourced content, etc. The aspect of communication includes interactive, broadcast, hybrid, etc. Findings Introduction of the Industry The fast food restaurant is one of the growing industries in the world along with number of changes the companies are adopting in order to cope up with the change in food trends by the consumers of the world. The consumers have a different pattern of trend in different parts of the world. However, KFC, McDonalds and Burger King are considered as the most popular restaurants that have their presence across different parts of the world. Apart from that, it can be said that the restaurant chosen in the Middle East is Aldeerah that is based on Saudi Arabia (Burger King, 2017). The restaurant is known for providing Saudi Arabian cuisine to the customers. The uniqueness of the restaurant is to provide hospitality service to attract people from crafts and arts with its traditional approach to the customers. These websites are chosen because in the fast food industry these three companies are the most popular companies in the world in terms of market reputation, profitability, products and s ervice, website content, online and offline services. On the other hand, the restaurant selected in the Middle East is Aldeerah, is popularly known for serving Saudi Arabian cuisine to the customers of Saudi Arabia (Aldeerah, 2017). Identification of Content The content of the websites of KFC, Burger King, Mc Donalds and Aldeerah are compared to one another. It can be said that the website content of Aldeerah is not upgraded. The easiness of the availability of the content is more or less same in terms of the description of the products and services available in the company (KFC, 2017). Aldeerah has the website that defines the Saudi Arabian cuisine mainly. The different types of other facilities that the company is providing to the customers are not properly defined in it. By comparing the website content of these three fast food restaurants, it can be said that Aldeerah will not attract customers more like that of these three companies do across the world (Fernndez-Cavia et al., 2014). Navigation of Pages The navigation of pages of McDonalds and Burger King are more flexible than Aldeerah. As it is already mentioned earlier that the website contents are not properly arranged like that of the other contents of the different companies, hence the user will not find the aspect of navigation properly in Aldeerah whereas they will experience smoothly while viewing websites of McDonalds, Burger King and KFC (Maher et al., 2014). Use of Graphics and Animation It can be seen that the websites that use more graphics and animation more in order to educate the viewers are found to be more popular like that of the websites that are informative in terms of content but lacks in graphics and animations. As these companies belong to the fast food categories, hence graphics and animations of the food items are necessary. People who do not have the idea of the foods that the companies are selling will have the idea of the foods that will help them to go to the restaurant or order online from the website itself. Aldeerah do not have much graphics and animation of the foods (Sturiale Trovato, 2015). Linking Capabilities of Web The linking capability of Aldeerah is not so much improved when it is compared to the web pages of the other three restaurants of Mc Donalds, KFC and Burger King. The web pages of the three American fast food giants provide information that are linked with the pages of other aspects such as the pages of the menus and the special offers are linked with one another so that they can give a detailed information about the details of the every food menu (McDonald's, 2017). On the other hand, there are no web pages that are linked with each other and any types of special discounts and offers to the foods and beverages they provide to the Saudi Arabian consumers (Stern Zinkhan, 2015). Moreover, it can be said that the information in the web pages of Aldeerah are incomplete and will not attract consumers easily for increasing the sales of the company. Privacy Policy Privacy policy in terms of online ordering is an important aspect that the companies must provide in their websites for customer security and other security compliances. It can be said that the websites of Burger King, KFC, McDonalds, etc have separate web page for privacy policies that will help in customer security during ordering online. There is a separate page for FAQs that educate the customers regarding the security purpose of the online transaction of the customers while ordering foods from the websites (Wirtz et al., 2016). Aldeerah do not have this facility for its customers in Saudi Arabia. It has a page of contact us that provide the contact number and contact address of the restaurant. Recommendations It can be said that Aldeerah need much improvement in their website in order to improve the experience of the user who are viewing the website of the company as it is related to market reputation as well as increased profitability of the company. Following are the recommendations suggested to the company for its development of the user experience of the web viewers. It would add information about its recent activities It might add graphics and animations of the food items It would include promotional offers and discounts of the food The linkage of the pages might be improved The content will be improved so that it can attract customers Technology can be used to develop the website by animation and 3D systems (Alrousan Jones, 2016). Conclusion To conclude, it would be important to state that the layout, style , color or the content of a website largely determine the extent to which a website would be able to grab the attention of its clients. After analyzing the websites through the 7C model, it has been observed that Burger King has the best website among the four organizations. The layout is bright and clear, with a prominent picture of a dainty burger, boasting of its taste and quality alike. It is in itself a rich source of information offering the consumers knowledge about the recently launched offers, discounts and new food products available. The site also enables its customers gain access to the link from where the consumers can download the app of the website and thus it helps the consumers in a considerable way. On the other hand, the website of Aldeerah is not that impressive. Being a typical Saudi Arabian restaurant chain, the style and layout is being created in a rather magical, exotic and enchanted way that speaks of its orientalism. However, it has very limited options, and the visitor cannot easily navigate among the pages. The website is not regularly being maintained, and except the menu and the contact number, the consumers will not get any valuable information. The absence of background information or well-maintained photo gallery, and lack of appealing quality of a rather slow website, makes it the least impressive one. 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