Author Question: The official definition of a recession among professional economists is: a. One quarter of decline ... (Read 43 times)

s.tung · **on:** Jun 29, 2018

The official definition of a recession among professional economists is:
a. One quarter of decline in GDP.
b. Two consecutive quarters of decline in GDP.
c. Three consecutive quarters of decline in GDP.
d. Four consecutive quarters of decline in GDP.
e. Any three quarterly declines during a two-year period.

Question 2

The Baltic Republics, Russia and Belarus are attractive markets that are being actively targeted by multinationals.

Indicate whether the statement is true or false

ebe · **Reply #1 on:** Jun 29, 2018

Answer to Question 1

B

Answer to Question 2

T
Countries of the former Soviet Union are plagued by inflation and instability, but they also have a literate, educated work force and an excess of highly qualified labor. They also have a consuming public that is eager to experience new products. Among attractive markets of the former Soviet Union are the Baltic Republics, Russian and Belarus. This may be found in the Macro-Segmentation: Country Attractiveness Analysis section (7-3b).