Archives: Quiz

1) import quotas tend to lead to all of the following except: a.domestic producers of the imported good being harmed b.domestic consumers of the imported good being harmed c.prices increasing in the importing country d.prices falling in the exporting country […]

1) when manufacturing computer software, suppose that microsoft inc. uses labor and materials whose costs are denominated in dollars and francs respectively. if the dollar’s exchange value depreciates 10 percent against the franc, the franc-denominated cost of the firm’s software […]

1) according to the purchasing-power-parity theory, the u.s. dollar maintains its purchasing-power parity if it depreciates by an amount equal to the excess of: a.u.s. interest rates over foreign interest rates b.foreign interest rates over u.s. interest rates c.u.s. inflation […]

1) the demand for international reserves tend to increase with the level of world income and trade activity. a.true b.false 2) figure 5.3 illustrates the apple market for sweden, assumed to be a ‘small” country that is unable to affect […]

1) given an open economy with high capital mobility and floating exchange rates, suppose an expansionary fiscal policy is implemented to combat recession. the initial and secondary effects of the policy a.cause aggregate demand to increase, thus strengthening the policy’s […]

1) figure 13.3. u.s. capital and financial account under a fixed exchange rate system refer to figure 13.3. if the political and economic stability of foreign countries worsens relative to that of the united states, the u.s. capital and financial […]

1) prolonged defense of a price ceiling tends to increase the supply of a commodity held by a buffer stock manager, thus putting downward pressure on price. a.true b.false 2) if a country consistently realizes a current-account surplus in its […]

1) a goal of the international monetary fund is to make short-term loans to member nations so as to allow them to correct balance of payments disequilibriums without resorting to measures that would destroy national prosperity. a.true b.false 2) in […]

1) given a two-country world, suppose japan revalues the yen by 15 percent and south korea revalues the won by 12 percent. this results in: a.an appreciation in the value of both currencies b.a depreciation in the value of both […]

1) to justify the subsidies it has received from european governments, the airbus company has used all of the following arguments except: a.its subsidies have prevented u.s. aircraft firms from holding a world-wide monopoly b.u.s. aircraft firms have benefited from […]

1) according to the principle of absolute advantage, international trade is beneficial to the world if one nation has an absolute cost advantage in the production of one good while the other nation has an absolute cost advantage in the […]

1) most foreign exchange trading occurs between banks and: a.national governments b.other banks c.corporations d.household investors 2) bilateral agreements between central banks, which provide for an exchange of currencies to help finance temporary balance-of-payments disequilibriums, are referred to as: a.imf […]

1) if the united states government sells military hardware to saudi arabia, the transaction would be recorded on the u.s. balance of payments as a: a.current account debit b.current account credit c.capital account debit d.capital account credit 2) the main […]

1) the only members of the general agreement on tariffs and trade and its successor, the world trade organization, are developing countries rather than developed countries. a.true b.false 2) assume the united states adopts a tariff quota on steel in […]

1) a primary reason that explains the appreciation in the value of the u.s. dollar in the 1980s is: a.large trade surpluses for the united states b.relatively high inflation rates in the united states c.lack of investor confidence in the […]

1) in an open trading system, a country will import those commodities that it produces at relatively low cost while exporting commodities that can be produced at relatively high cost. a.true b.false 2) the implementation of the european union has: […]

1) according to adam smith, international trade was a “win-win” situation since all nations could enjoy gains from trade. a.true b.false 2) because there is no exchange stabilization fund under floating exchange rates, any holdings of international reserves serve as […]

1) under the gold standard, a deficit nation facing a gold outflow and a decrease in its money supply would also experience a: a.rise in its interest rate and a short-term financial inflow b.rise in its interest rate and a […]

1) since the 1970s, the merchandise trade account of the u.s. balance of payments has registered deficit. a.true b.false 2) to the extent that subsidies granted to exporting firms reduce the foreign price of their goods, the subsidizing country’s terms […]

1) exchange rate determination in the short run is underlied by which of the following assumptions: a.tariffs and quotas affect trade patterns only in the short run b.prices of goods and services affect trade patterns only in the short run […]

1) under u.s. commercial policy, the escape clause results in: a.temporary quotas granted to firms injured by import competition b.tariffs that offset export subsidies granted to foreign producers c.tax advantages extended to minority-owned exporting firms d.duties which offset commercial dumping […]

1) according to the mercantilists, a nation’s welfare would improve if it maintained a surplus of exports over imports. a.true b.false 2) the theory of multinational enterprise is totally inconsistent with the principle of comparative advantage. a.true b.false Answer: false […]

1) an advantage of international reserves is that they allow countries to sustain temporary balance-of-payments deficits until acceptable adjustment measures can operate to correct the disequilibrium. a.true b.false 2) foreign-exchange brokers help commercial banks carry out foreign exchange trading and […]

1) the marginal rate of transformation equals the absolute slope of a country’s production possibilities schedule. a.true b.false 2) figure 5.2 illustrates the revenue and cost conditions of abc inc. which sells calculators in canada and france. figure 5.2. international […]

1) to help insulate their economies from inflation, currency depreciation, and capital flight, developing countries have implemented: a.regional trading blocs b.currency boards c.central banks d.regional fiscal policies 2) the movement to free international trade is most likely to generate short-term […]

1) over the long run, foreign exchange rates are determined by transfers of bank deposits that respond to differences in real interest rates and to shifting expectations of future exchange rates. a.true b.false 2) figure 5.4 illustrates the calculator market […]

1) the figure below depicts the steel market for portugal, a small nation that is unable to affect the world price. assume that germany and france can supply steel to portugal at a price of $200 and $300 respectively. figure […]

1) the nominal tariff rate signifies the total increase in domestic productive activities compared to what would occur under free-trade conditions. a.true b.false 2) sporadic (distress) dumping would occur if domestic orange producers dispose of an excess quantity of oranges, […]

1) according to the reciprocal trade agreements act of 1934, the president could lower tariffs by up to 10 percent of the existing level without congressional approval. a.true b.false 2) a foreign currency option is an agreement between a holder […]

1) which statement is not true about dna replication in eukaryotes? a. replication of the entire genome takes about ten minutes. b. a replication fork occurs at each growing point of the replicating chromosome(s). c. eukaryotes have many different chromosomes, […]

1) food is prevented from entering the trachea by the a. pharynx. b. larynx. c. epiglottis. d. glottis. e. sphincter muscle. incorrect 2) major cardiovascular disorders include all of the following except a. atherosclerosis. b. stroke. c. hypertension. d. diabetes. […]

1) which line of defense would be the most severely impacted if a person was to suffer 3rd degree burns across the majority of their lower body? a. innate immunity b. adaptive immunity c. production of t & b cells […]

1) which component of the flowering plant is considered the female portion of the plant? a. carpel b. stamen c. style d. corolla 2) which of the following features were present in the transitional species between amphibian tetrapods and the […]

1) mammals are different from birds in all these characteristics except a. hair. b. mammary glands. c. constant body temperature. d. young born alive. 2) which muscle list of structures is correctly organized from large to small? a. muscle, muscle […]

1) which of the following statements about asexual reproduction is not true? a. asexual reproduction occurs with only one parent. b. asexual reproduction is less commonly used by vertebrates. c. asexual reproduction can occur by budding or by division and […]

1) farmers have been able to genetically engineer a wide variety of crops that possess an enormous diversity of traits. if a farmer wanted to increase the ability of his crops to access ground water that is several meters below […]

1) what is the molecular formula for 5 glucose molecules? a. c30h50o25 b. c30h60o30 c. c30h52o26 d. c6h24o12 2) ______ were the first vertebrates to live on land and they evolved from _____. a. amphibians; fish b. reptiles; amphibians c. […]

1) an elementary student decides to conduct an experiment comparing the effectiveness of two commercial soaps as cleaning agents, using each in paired tests of different types of stains and colors of cloth, where the only variable was the soap […]

1) study the figure at right. what does the letter a depict? a. energy of the reactant b. energy of the products c. energy of activation d. substrate concentration 2) substrates that reoccur in several metabolic pathways form the metabolic […]

1) all of the biochemical pathways in a cell constitute a. coupling reactions. b. free energy. c. endergonic reactions only. d. exergonic reactions only. e. metabolism. 2) the epidermis consists of a. stratified squamous epithelial cells. b. collagen fibers. c. […]

1) the concentration of protein in the blood is higher in post-glomerular blood as compared with that in arterial blood because a. protein is digested and then concentrated in glomerular (bowman’s) capsule. b. the kidney manufactures and then stores protein […]

1) which of the following pathogens would our innate immunity help protect us against? a. viruses b. bacteria c. fungi d. innate immunity would defend us against all of these pathogens. 2) which of the following is not a function […]

1) which statement is not true about natural selection? a. directional selection occurs when one extreme phenotype is favored over another different extreme phenotype. b. stabilizing selection favors an intermediate phenotype over either of the extreme phenotypes. c. disruptive selection […]

1) the four defining characteristics of chordates are a. segmentation, a dorsal hollow nerve cord, pharyngeal pouches, and an amniotic egg. b. a dorsal hollow nerve cord, a notochord, bilateral symmetry, and mammary glands. c. bilateral symmetry, segmentation, a well-developed […]

1) if the hypothesis that protocells were based on an “rna world” is correct, what would be necessary to shift to a “dna world”? a. an enzyme or reaction capable of removing one oxygen from ribose in nucleotides b. enzymes […]

1) which of the following features is unique to bacterial cells? a. nucleoid region b. nucleus c. cell membrane d. cell wall e. ribosome 2) which feature is found in the bony fish but not in the cartilaginous fish? a. […]

1) if the probability of event a is 3/4 and the probability of event b is 1/4, then the probability of both a and b occurring at the same time is a. 3/4. b. 1/4. c. 1 or absolute certainty. […]

1) simple goiter can be prevented by a. surgery to remove the thyroid gland. b. removal of the pituitary. c. administration of acth. d. administration of insulin. e. increasing intake of iodine in the diet. 2) after eating eggs for […]

1) in older, woody plants, the epidermis of the stem is replaced by a. trichomes. b. tracheids. c. collenchyma. d. periderm. 2) what consequences could arise if the field of bioinformatics ceased to exist as a field of study? a. […]

1) which description best describes the cell wall of a gram-positive bacteria? a. it is composed of a single plasma membrane and a thin outer layer of peptidoglycan. b. it is composed of a double layer in the plasma membrane […]