Question
Hello there, I need help with these 10 Principles of Microeconomics multiple choice practice questions, I would really appreciate it. 1) Included on the board
Hello there, I need help with these 10 Principles of Microeconomics multiple choice practice questions, I would really appreciate it.
1) Included on the board of directors of Microsoft are John W. Stanton, the chairman of Trilogy Equity Partners, the executive president and chief financial officer of Gap, Inc. Teri L. List-Stoll, and the former vice chairman of Bank of America Charles H. Noski. These three board members do not have a direct management role with Microsoft and are therefore referred to as
a) honorary directors. b)inside directors. c)competitive directors. d)outside directors.
2) In a typical year, ________ new firms open in the United States.
a)more than 400,000 b)more than 1 million c)less than 200,000 d)approximately 125,000
3) In reaction to the passage of the Smoot-Hawley Tariff, Canada as well as many other U.S. trading partners
a) refused to import any products from the United States. b)refused to export any products to the United States. c)enacted large increases in tariffs on U.S. imports. d)eliminated tariffs on U.S. imports.
4) A bond's coupon payment divided by the bond's current price is equal to the bond's
a) price-earnings ratio. b) dividend yield. c) maturity value. d)current yield.
5) Over ninety-five percent of all new businesses that open each year in the United States employ ________ workers.
a) only one or two b) fewer than 20 c) 50 or more d) over 100
6) Of the different types of businesses, a corporation has the ________ government rules and the ________ government regulations affecting it.
a)most; most b) least; most c)least; least d) most; least
7) How has organizing a typical firm in a market economy changed over the last century?
a)There has been no change one way or the other over the last century. b)It has become more difficult to efficiently organize production. c)As government intervention has decreased, firms now have more freedom. d)It has become easier as more and more firms discover how to do it.
8) Beginning in ________, the government of China adopted market-based reforms of the economy and began exporting significant quantities of goods to the United States and other countries.
a)2001 b)the 1990s c) 1949 d)the 1970s
9) As a business type, corporations ________ in the United States.
a)are the most common b)earn the majority of profits c) are the least common d)are subject to the least amount of taxes
10) In 2016, the largest exporter in the world was
a)the United States. b) Germany. c) Japan. d) China.
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