MockExam - ugba10 Principles of Business November 2007...

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ugba 10 Principles of Business November 2007 Module 4 Exam: Global Business, Strategy, & Entrepreneurship Instructions This is an exam—please do not talk. Your books and notes must be put completely away, out of sight. Do not open the exam until you are told to begin. Keep the questions when you leave and pick up the next syllabus. You need a Scantron 882 ES or E and a #2 pencil; if you are without either, raise your hand. While you are waiting to begin, enter the following on your Scantron: Name: Last (family) name, First name Middle initial Subject: Your student identification number Test No.: (A, B, C, or D) [That is, the test version.] Date: 4 ( i.e., the module number) Hour: Your section number Section Day Time Room GSI 101 Tue. 8:00 AM – 09:00 AM C210 Mariette Fourmeaux 102 9:00 AM – 10:00 AM C325 Joe Lazar 103 1:00 PM – 2:00 PM F320 Jef Denby 104 1:00 PM – 2:00 PM C325 Ashish Sahu 105 4:00 PM – 5:00 PM F320 Mariette Fourmeaux 106 Wed. 2:00 PM – 3:00 PM C335 Jef Denby 107 3:00 PM – 4:00 PM C335 Brian Chu 108 4:00 PM – 5:00 PM C335 Joseph Seavey 109 5:00 PM – 6:00 PM C335 Joseph Seavey 110 Thur. 8:00 AM – 9:00 AM C135 Robert Sise 111 Thur. 9:00 AM – 10:00 AM C325 Joe Lazar 112 Thur. 1:00 PM – 2:00 PM F320 Ashish Sahu 113 Thur. 1:00 PM – 2:00 PM C325 Robert Sise 114 Thur. 4:00 PM – 5:00 PM F320 Brian Chu Copyright c ± 2007 Benjamin E. Hermalin. All rights reserved.
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Mock Exam — Module 4 1. India has a comparative advantage relative to Australia in costume jewelry. Consequently, we should expect to see (a) Australia import costume jewelry from India. (b) India import costume jewelry from Australia. (c) The Australian dollar appreciate relative to the Indian rupee. (d) The Indian rupee appreciate relative to the Australian dollar. 2. The same resources that produce one yurt in Mongolia would produce (allowed to be raised) 2 yaks in Mongolia, ten yurts in the us ,and4yaks in the us .Con sequ en t ly , (a) Mongolia has an absolute advantage relative to the us in yaks, while the us has an absolute advantage relative to Mongolia in yurts. (b) Mongolia has a comparative advantage relative to the us in yaks, while the us has a comparative advantage relative to Mongolia in yurts. (c) Mongolia has a comparative advantage relative to the us in yurts, while the us has a comparative advantage relative to Mongolia in yaks. (d) The us has a comparative advantage relative to Mongolia in both yaks and yurts. 3. Which of the following is not a trade barrier: (a) A tariF on imports. (b) A quota on imports. (c) A domestic content law. (d) ±luctuations in exchange rates. 4. Today, the exchange rate for euros is $1.50/euro. By this time next month, suppose the euro has appreciated by 10%. The new exchange rate a month from now is (a) Can’t tell, depends on what happens to us interest rates. (b) Can’t tell, depends on what happens to us current account de²cit.
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MockExam - ugba10 Principles of Business November 2007...

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