91) As Canada continues to become more integrated with the global economy, and our labour market is increasingly affected by demand and supply conditions elsewhere in the world, we can expect that A) all types of unemployment will certainly fall. B) all types of unemployment will certainly rise. C) government policies to ease the adjustment will have no effect. D) the NAIRU will tend […]

        37) In the figure above, when disposable income equals $10 trillion, A) consumption expenditure is greater than disposable income, so consumers are dissaving. B) consumption expenditure is less than disposable income, so consumers are dissaving. C) consumption expenditure is greater than disposable income, so consumers are saving. D) consumption expenditure is less than disposable income, so consumers are saving. E) consumption […]

  111. Barksdale Manufacturing Inc. produces its products in batches containing 100 units. Barksdale randomly samples 15 of the units in each batch for quality control. The costs of performing these random sample tests would most likely be which type of quality cost? A. External failure costB. Prevention costC. Internal failure costD. Appraisal (detection) cost   112. CLR Inc. is a clothing manufacturer. Recently, CLR made and produced about 2,000 shirts. During […]

  19.1   Gross Domestic Product Measures Total Production   1) In 2013, Ford Motor Company’s sales were rising. These events were caused by A) an economic recession. B) an economic expansion. C) an increase in advertising. D) improving quality of service.     2) In 2013, the U.S. auto industry experienced rising sales. The automobile industry was experiencing the effects of A) inflation. B) the […]

    71. Jones Manufacturing Inc. incurred the following costs in November:  Direct labor $50,000   Advertising costs $ 3,000 Indirect labor 20,000   Factory rent 10,000 Administrative salaries 25,000   Factory depreciation 6,000 Direct materials purchased 23,000   Administrative rent 5,000 Indirect materials used 4,000   Administrative depreciation 7,000           In addition, the following information is also available:   Beginning Ending […]

  1) Many economists argue that Japan’s remarkable long-run growth rate between 1950 and 1990 was largely due to Japan’s A) excessive amounts of money invested into research and development. B) high consumption rate for high quality electronic products. C) high national saving rate. D) restrictive trade barriers which eliminated foreign competition. E) skilled labour force that developed over those forty years. 2) Other things […]

PART I — MULTIPLE CHOICE (28 points)   Instructions:  Designate the best answer for each of the following questions.   1.              Given the following costs for Abay Liquidators, select the answer choice that correctly classifies each cost’s behavior. Total Cost at 1,500 Units1,800 Units Cost A              $4,650$5,580 Cost B              8,6009,400 a.              Cost A and Cost B are both variable b.              Cost A is variable; Cost […]

  82.Freer trade, advances in information technology, and more global customers are pressuring many large global companies to:  A.shift away from geographically-based to more client-based divisionalized structures. B.increase direct supervision as the main coordinating mechanism. C.shift away from divisionalized structures into functional structures. D.disband their team-based structures in favor of simple structures. E.shift from functional structures to geographically-based divisionalized structures. 83.The _____ structure tends to […]

  51) International trade benefits A) only the exporter. B) only the importer. C) both the exporter and the importer. D) neither the exporter nor the importer. E) the exporter at all times and sometimes also the importer. 52) Who gains from international trade? A) only the exporting nation B) only the importing nation C) both the importing and the exporting nations D) neither the […]

    61) A circular flow model shows the interrelationship between the ________ markets and the ________ markets. A) household; goods B) household; factor C) business; household D) expenditure; income E) goods; factor 62) In the circular flow model, the expenditures on goods and services flow in the A) same direction as goods and services in all cases. B) same direction as goods and services […]