In 2007, interest rates were about 4.5% and inflation was about 2.8%. What was the real interest rate in 2007?

With a 2013 GNI per capital of $1,570, India has transitioned out from the former category and now is classified as a(n):

A) low-income country. B) upper-middle-income country. C) lower-middle-income country. D) upper-income country. E) lower-upper-income country.

Which of the following is a characteristic of successful international retailers?

A) conservative managers and salespeople and a centralized organizational system B) an entrepreneurial approach to foreign markets and an understanding of the target market C) significant financial borrowings and high foreign and domestic operational costs D) extreme competition and support from home-country governments exclusively