19.5   The Arguments over Trade Policies and Globalization 1) Disagreements about whether the U.S. government should regulate international trade A) began during the Great Depression. B) began after World War I when government officials no longer believed in isolationism. C) date back to the beginning of the country. D) did not occur until the end of the Mexican War in 1848. 2) ________ raised […]

  21. Which of the following is NOT true about the perception process? a.It is a passive process. b.It affects our communication choices. c.It is the process by which we become aware of objects, events, and people through the senses. d.It is an active process. 22. A stereotype is a(n) a.organized body of information about some action, event, or procedure. b.type of schema. c.fixed impression […]

  65.Which of the following statements was not considered by the needs hierarchy theory?  A.Everyone is naturally motivated to reach their full potential. B.Higher-order needs are influenced by personal and social influences. C.Basic needs are more essential to individuals than their socialization needs. D.People’s physiological needs are stronger than their esteem needs. E.Needs are strongly influenced by each individual’s self-concept. 66.The desire to seek approval […]

  45) If the production possibilities frontier between bottled water and water in a jug is a straight line, which of the following statements would be correct? A) A large amount of unemployment must exist. B) Resources are equally productive at producing either product. C) There is no tradeoff between the two goods. D) There is no decrease in the production of one good when […]

    58.Watson Wheels currently makes 6,000 wheels annually that are used in other products it manufactures. Current unit costs for the wheels are as follows:   Direct materials              $22.00 Direct labor              16.00 Variable manufacturing overhead              12.00 Fixed manufacturing overhead              15.00 Total              $65.00   The company has an offer from a manufacturer to produce the wheels for $60 per wheel.If the company decides to buy […]

    84. In a three-for-two stock split for a company that previously had 1 million shares outstanding selling at $100 per share and a total market value of $100 million, which of the following is true?  A. The number of outstanding shares will drop to 666,666, and the stock price will increase to $150. B. The number of outstanding shares will increase to 1.5 million, and the […]

  101.Which of the following has some aspects of the pre-1973 Bretton Woods exchange rate system?  A. Pure “free float” exchange rate system B. Dirty float exchange rate system C. Nominal exchange rate system D. Pegged exchange rate system E. Real exchange rate system 102.A(n) _____ system refers to an exchange rate system under which a country’s exchange rate is allowed to fluctuate against other currencies within a target zone.  […]

  51. (p. 401) Business-to-business marketers frequently misinterpret the concept of quality. Which of the following examples best illustrates this idea?  A. Farmers in third world countries often prefer less-efficient and lower quality but easier-to-maintain products to do work tasks. B. Arabic accountants often use the abacus rather than a calculator. C. The Japanese will no longer do business with many U.S. suppliers because their packaging is faulty. D. The French absolutely […]

    41) If the Fed increases the quantity of money, then A) aggregate demand decreases and the AD curve shifts leftward. B) aggregate demand increases and the AD curve shifts rightward. C) the quantity of real GDP demanded decreases and there is a movement up along the AD curve. D) the quantity of real GDP demanded increases and there is a movement down along […]

  21) According to the Hotelling Principle, the price of an nonrenewable resource is expected to A) fall slowly over time. B) fall at a rate equal to the interest rate. C) fluctuate randomly. D) rise at a rate equal to the interest rate. E) remain constant over time.   22) The price of an nonrenewable resource is expected to rise at a rate equal […]