QUIZ3BANK - 1 Paul Moritz retired from Microsoft worth a few hundred million and became CEO of VMware In the Financial Times he said that for firms

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Unformatted text preview: 1 Paul Moritz retired from Microsoft worth a few hundred million and became CEO of VMware. In the Financial Times, August 29, 2011, he said that for firms like Microsoft and Google it becomes a priority to get to “mutually assured destruction,” a term used to describe the arms race between the United States and the Soviet Union. Moritz, however, is referring to A. liquidity. B. style. C. industrial espionage. D. marketing. E. intellectual property. Answer Key: E 2 One reason for the _____ in German manufactured exports from 2000 to 2008 was the _____ in wages in Spain and Italy. A. plunge … decrease B. surge … increase C. surge … decrease D. plunge … increase Answer Key: B 3 A product used by Marcelo Cherto in showing Brazilians’ pride in a sort of upscale informality is A. sandals. B. smart phones. C. cars. D. hats. E. belts. Answer Key: A 4 Raghuram Rajan, a professor of finance at the University of Chicago, says in his book Fault Lines that “In effect, we created an industry—housing construction—to absorb all the unskilled labor” that would otherwise struggle to find jobs in a super-competitive marketplace. Rajan is probably writing about the years A. 2000 to 2005. B. 2005 to 2010. C. 1990 to 1995. D. 1995 to 2000. E. 2010 to 2015. Answer Key: A 5 The manufacture of large jet aircraft is A. an oligopolistic industry. B. a perfectly competitive industry. C. a monopolistically competitive industry. D. a monopolistic industry. Answer Key: A 6 When Fernando Henrique Cardoso, a leftist sociologist, became president of Brazil, he implemented ______ policies. When Lula da Silva, a union leader, became president of Brazil, he implemented _____ policies. A. capitalist … capitalist B. communist … communist C. Chavez … capitalist D. communist … capitalist E. capitalist … communist Answer Key: A 7 In the United States factor price equalization has ______ the wages of less skilled workers. In China, factor price equalization has _____ the wages of less-skilled workers. A. reduced … raised B. raised … raised C. reduced … reduced D. raised … reduced Answer Key: A 8 The U.S. ban against trade with Cuba comes under the heading A. environmental and social responsibility. B. foreign policy. C. national security. D. consumer protection. Answer Key: B 9 The country with which the United States has the largest trade imbalance is A. Japan. B. Mexico. C. China. D. Brazil. E. Canada....
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This note was uploaded on 02/10/2012 for the course GEB 3373 taught by Professor Crum during the Fall '10 term at University of Florida.

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QUIZ3BANK - 1 Paul Moritz retired from Microsoft worth a few hundred million and became CEO of VMware In the Financial Times he said that for firms

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