11) In 2012, the United States had A) a current account surplus because imports were greater than exports. B) a capital and financial account deficit because exports were greater than imports. C) a current account deficit because imports were greater than exports. D) no change in U.S. official reserves. E) a current account deficit and a capital and financial account deficit. 12) […]
61) Refer to Figure 1-4. Growth in the country’s productive capacity is illustrated by A) a point like D outside the boundary. B) a movement from a point inside the boundary such as C to the boundary. C) the movement between points on a given boundary. D) a single point such as A on the boundary. E) an outward shift of the boundary, for […]
24. In a debt instrument, named assets that creditors will receive if the borrower defaults on the note are called: A)collateral B)covenants C)debentures D)leveraged assets 25. A long-term note secured by land or buildings that serve as collateral, is referred to as a: A)mortgage B)debenture C)property dividend D)subordinated note 26. A bond issue which specifies that certain portions of the […]
1) It is most likely true that the use of pay-for-performance systems is: A) increasing rapidly around the world. B) declining due to implementation problems. C) failing to motivate employees as employers had expected. D) increasing slowly among small businesses in the high-tech industry. 2) What is the most common type of pay for performance used by firms? A) Perks B) Bonuses C) […]
31) During 2008, Swaziland had a real GDP growth rate of 1.8 percent and a real GDP growth rate per person of -1.3 percent. These rates indicate that in Swaziland A) there was an error when calculating the growth rates because the growth rate of real GDP per person cannot be negative. B) the population growth rate was negative. C) the population grew […]
21) In the short run, when the Fed raises the federal funds rate, A) the real interest rate is unchanged so investment and consumption expenditure are not changed. B) the real interest rate temporarily increases, thereby decreasing investment and consumption expenditure. C) the real interest rate temporarily falls, thereby increasing investment and consumption expenditure. D) investment and consumption expenditure increase, thereby raising the […]
81) If a surplus of loanable funds exists in the loanable funds market, the real interest rate ________ and the quantity of saving ________. A) rises; increases B) rises; decreases C) falls; increases D) falls; decreases E) falls; does not change 82) The equilibrium real interest rate is 5 percent. If the real interest rate is A) 3 percent, then the supply of […]
41) How much heat energy is needed to convert 10.0 g of ice at −10 °C to liquid water at 10 °C? Specific heat of ice = 2.09 J/(g °C)Heat of fusion of ice = 334 J/gSpecific heat of water = 4.18 J/g °C A) 5270 J B) 1,070 J C) 6,210 J D) 3970 J 42) The calculation set-up below is […]
11) Kevin owns a personal training gymnasium in Orlando. The above figure shows the demand and cost curves for his firm, which competes in a monopolistically competitive market. Kevin will train how many clients per day? A) 4 B) 6 C) 10 D) between 2 and 4 E) None of the above answers is correct. 12) Kevin owns a personal training gymnasium […]
41) Tyrone is an African American freelance music composer. He has not held a regular job due to mental stress since his involvement, as a reservist, in the Persian Gulf War. He is seeking a jingle-writing position with an advertising firm. While Tyrone does read and write, he composes by ear. He cannot read music, he records his songs on a tape, and […]
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