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1) Discusses seven (7) criteria to categorize an economic system. Using your chosen country PANAMA, describe its economic system based on these seven (7) criteria.

2) a)Identify whether your chosen country is (PANAMA) a low-context or high-context culture. Support your response with examples.

b)Choose a country that is the opposite context of your chosen country, and support your reasoning with examples.

3) Suppose you are opening a shoe manufacturing firm that is going to begin selling shoes (your choice of shoe type: tennis shoes, men's or women's dress shoes, boots, etc.) in your previously chosen country (PANAMA). Using the demographic breakdown of your chosen country (PANAMA), choose at least one (1) demographic that you will segment by and identify a minimum of two (2) target markets. Summarize the key reasons why you choose those particular demographic(s) and target markets.

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