19.1   The United States in the International Economy   1) Following the tariff imposed on Chinese tires, some businesspeople correctly argued that the U.S. tariff would result in A) China retaliating by raising tariffs on some U.S. exports. B) China halting the sale of all products in the United States. C) U.S. firms never being able to meet the demand for U.S.-produced tires. […]

    Kennesaw Steel Corporation As Chief Financial Officer of the Kennesaw Steel Corporation (KSC), you are considering a recapitalization plan that would convert KSC from its current all-equity capital structure to one including substantial financial leverage. KSC now has 100,000 shares of common stock outstanding, which are selling for $50.00 each, and the recapitalization proposal is to issue $2,000,000 worth of long-term debt at […]

    41.  What could happen to render the price ceiling set in the graph shown ineffective? A. Demand could increase, and shift to the right. B. Demand could decrease, and shift to the left. C. Supply could decrease, and shift to the left. D. None of these would cause the price ceiling to be ineffective. 42.  Which of the following changes to the market in the graph shown […]

    39) Sam Lewis owns a firm in New York City’s garment district. If Sam keeps adding workers to use the same number of sewing machines, eventually the workplace will become so crowded that workers will get in each other’s way. At this point A) the marginal product of labor in Sam’s business would be negative and his total output would decrease. B) Sam […]

  21.The first stage of deterioration is a.intrapersonal dissatisfaction. b.interpersonal deterioration. c.communication depenetration. d.interpersonal dissatisfaction. 22.A theory concerned with relationship development from the superficial to the intimate levels and from few to many areas of interpersonal interaction is a.social penetration. b.interpersonal bonding. c.relational dialectics theory. d.relational bonding maxim. 23.Which of the following is NOT true about the dissolution stage of relationships? a.Interpersonal separation usually takes […]

  3.3   Economic Growth   1) Which of the following is the best definition of economic growth? A) The investment in capital and consumption goods by an economy. B) The opportunity cost of capital. C) The opportunity cost of consumption. D) Increased development of land and entrepreneurship. E) The sustained expansion of production possibilities.   2) The sustained expansion of production possibilities is called A) […]

  13.1   Aggregate Supply 1) Over the business cycle, factors such as the quantity of capital, human capital and technology A) grow but do not fluctuate as much as the quantity of labor employed. B) change drastically, fluctuating more than the quantity of labor employed. C) fluctuate about the same amount as the quantity of labor employed. D) do not grow and are therefore not […]

    30) If at a price of $24, Octavia sells 36 home-grown orchids and at $30 she sells 24 home-grown orchids, the demand for her orchids is A) elastic. B) inelastic. C) unit-elastic. D) perfectly elastic.   31) At a price of $50, Ghani sells 20 hand-made leather cell-phone covers, but at a price of $60, zero units are sold. Based on this information, […]

  10.3   Government in Loanable Funds Market   1) For a government to add to the supply of loanable funds, it must A) borrow. B) have a budget surplus. C) have a budget deficit. D) raise the real interest rate. E) increase its investment demand.   2) If a government has a budget deficit, it must A) borrow in the loanable funds market. B) increase […]

    81) A(n) ________ is an e-commerce application that facilitates online shopping by mediating the interconnections to the merchant’s bank, the bank or other entity that issued the card, and then back to the original website to approve or decline the purchase. A) tag cloud B) shopping cart C) cascading style sheet D) payment gateway 82) Which of the following factors best explains why […]