principal of IT

Part one: Multiple Choice Questions such (3'*10) 1. Since the early 2000s, a variety of services has been subject to outsourcing in the United States EXCEPT for: a. Data entry. Demand b. Telephone call centers. Quadly c. Software development. d. Haircuts. 2. A primary reason why nations conduct international trade is because of differences in_ 6.Referring to the above figure, at a price of $70, the amount of consumer surplus is: (a) historical perspective. a. $6,000,000. (b) location. b. $8,000,000. (c) resource availability. c. $15.000.000. d) tastes. d. $30,000,000. 3. Arguments for free trade are sometimes disregarded by the political process because 7. Referring to the above figure, at a price of $70, the amount of producer surplus is: (a) economists tend to favor highly protected domestic markets. a. $6,000,000. (b) economists have a universally accepted decisive power over the political decision mechanism. b. $8,000,000. (c) maximizing consumer welfare may not be a chief priority for politicians. c. $15,000,000. (d) the gains of trade are of paramount concern to typical consumers. d. $30,000,000. 4. The movement to free international trade is most likely to generate short-term unemployment in 8. Labor cooperation between Yemen and France falls to which industries? a. Vertical international division of labor. (a) Industries producing non-tradable goods b. Horizontal international division of labor. (b) Import-competing industries c. Mixed international division of labor. (e) Export industries d. Forward-slope international division of labor. (d) Import sectors 9. Which of the following is occurring when a firm is selling its product for a low 5. Instructor Shen's teaching to you belongs to price in a foreign market, with the purpose of driving its foreign competitors out of a. Goods trade business? b. Service trade a. Persistent dumping c. Merchandise trade b. Cyclical dumping d. Visible trade c. Predatory dumping. d. Seasonal dumping