A) low unemployment
B) stagnant wages
C) declining living standards
D) cyclical inflation
E) limited credit
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A) Country X invests primarily in its textile industry while Country Y focuses on producing high-yield crops.
B) Company A is willing to provide parts used in the production of equipment by Company B in exchange for discounts on manufacturing equipment.
C) The southern region of Country X over-produces a wide range of produce, while few crops can be efficiently grown in the northern region.
D) Company A and Company B are exploring the possibility of a joint venture to provide goods to Country X.
E) Country X is looking to invest in foreign markets and Country Y currently has a large trade deficit.
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A
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A) They had become even more cost-conscious than ever before.
B) They would be willing and able to spend 100,000 rupees on a car.
C) They would choose a vehicle with high fuel efficiency primarily because of concern about the natural environment.
D) They will eventually prefer models similar to those currently available in the U.S. and Europe.
E) They will place a higher value on car safety than fuel economy.
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A) The Federal Reserve should buy securities.
B) The Federal Reserve should sell securities.
C) The Federal Reserve should decrease the reserve requirement.
D) The Federal Reserve should lower the discount rate.
E) The Federal Reserve should sell securities and lower the discount rate.
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A) The pricing demands of Cicada have forced many building suppliers out of business.
B) Companies similar to Allied have demonstrated strong financial performance in recent years.
C) Cicada often sells groups of homes to institutions that then resell them to individual consumers.
D) In the past, Cicada and Allied were part of the same company.
E) Monopolistic competition is encouraged by the government in some cases.
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A) standard of living
B) aggregate output
C) gross domestic product
D) gross national produce
E) purchasing power parity
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A) the measure of economic growth that compares how much a system produces with the resources needed to produce it
B) a condition in an economic system in which the amount of money available and the number of goods and services produced are growing at about the same rate
C) the economic condition in which a country's exports exceed its imports
D) a relative equality between what the government owes its creditors and the revenue it gets from imports
E) the economic value of all the products that a country exports minus the economic value of all the products it imports
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B
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A) Jobs will be created.
B) Banks will lower interest rates.
C) Wages will decrease.
D) Foreign investment will be discouraged.
E) Only low-technology sectors will benefit.
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A recession is defined as a pe...View Answer
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A) Substitutes for Widgets are available in the market.
B) The price of materials consumed along with Widgets has gone up.
C) A change in the environment is likely to stimulate overall demand for Widgets.
D) Competitors have announced that they intend to keep prices at current levels.
E) Relaxation of import restrictions would lead to foreign competitors flooding the market.
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A) aggregate output
B) business cycle
C) standard of living
D) balance of payments
E) demand and supply schedule
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A) total quantity of goods and services produced by an economic system
B) total value of all goods and services produced within a given period by a national economy through domestic factors of production measured in current dollars or with all components valued at current prices
C) total value of all goods and services produced within a given period by a national economy regardless of where the factors of production are located
D) total value of all goods and services produced within a given period by a national economy through domestic factors of production adjusted to account for changes in currency values and price changes
E) total quantity of goods and services that are imported within a given period of time
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A) the political-legal environment
B) the sociocultural environment
C) the technological environment
D) the corporate cultural environment
E) the global business environment
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A) AB Distributor's clients are happy with the company's services.
B) Shipping costs for the industry have significantly increased over the last year.
C) AB Distributor's employees are dissatisfied with the company's working conditions.
D) The shipping intermediary industry has experienced a slowdown overall.
E) Many of AB Distributor's employees are new to the business.
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B
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A) Robert launched a Web site for his business and hired two new employees to handle national and international shipping.
B) Robert launched a Web site and filmed a commercial for television and recorded a radio version for local stations.
C) Robert created a page for his business on a networking site and offered store coupons to his first 100 friends.
D) Robert had his Web site translated into Korean in order to better serve the local Korean community.
E) Robert took a full page ad out in the state's official tourism brochure.
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Socialism is a partially planned system ...View Answer
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