I have completed part two of my practice exam, can some please review? And explain if wrong?
View the step-by-step solution to:


I have completed part two of my practice

exam, can some please review? And explain if wrong?

1.      China imposes a 45 percent tax on the market value of all chickens that are imported from the U.S. into China. Another name for this type for tax is a(n):

a.      Embargo

b.      Boycott

c.      Quota system

d.      Tariff

2.      John was walking through Ontario Mills Mall and found a gym bag laying on the ground. Now he is trying to decide what to do next. Should he just walking and enjoy the "find" or should he turn it in to the mall's lost & found? This decision involves:

a.      Ethics

b.      Relationship building

c.      Consumerism

d.      Anti-social behavior


3.      In 1914, the United States prohibited the importation of Mexican avocadoes even though Mexico is the world's largest producer of the fruit. This prohibition remained in effect until 1996. The ban on importing Mexican avocadoes is an example of a(n):

a.      Import quota

b.      Embargo

c.      Boycott

d.      Tariff


4.      What us the most likely outcome if the Federal Reserve decides it wants to expand the amount of money in circulation.

a.      Lower interest rates

b.      Decreased economic growth

c.      Higher unemployment

d.      Lower inflation

5.      Which of the following is an example of an ethical business activity?

a.      The employment told several jokes that made fun of blonde women.

b.      The employment reported to his supervisor

c.      The employment used the company postage meter to mail letters to her family

d.      The employee condoned (agree with) a fellow employee's use of alcohol on the job

6.      The ____ is the value of one currency as measured against another currency

a.      Inflation rate

b.      Exchange rate

c.      Deflation rate

d.      Currency rate

7.      According to Starbucks, it buys its coffee only from suppliers that "...ensure safe and humane working conditions, protect workers' rights, meet minimum wage requirements and adhere to all child and forced-labor criterial." This is part of its ____ efforts to support communities.

a.      Product quality

b.      Economic accountability

c.      Social responsibility

d.      Environmental leadership

8.      ____ are all the individuals or groups to whom a business has a responsibility.

a.      Stockholders

b.      Consumers

c.      Stakeholders

d.      Inventors


9.      Balance of payments is the difference between exports and imports

a.      Ture

b.      False


10.      In 2005, the government of Bangladesh spent $8.59 billion government programs, and had revenues of $5.993 billion. This indicates that Bangladesh, just like the United States, can have a(n):

a.      Expansionary policy

b.      A balance budget

c.      Budget surplus

d.      Budget deficit


11.      _____ refers to standards of moral behavior

a.      Legality

b.      Responsibility

c.      Integrity

d.      Ethics

Recently Asked Questions

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question
Ask Expert Tutors You can ask 0 bonus questions You can ask 0 questions (0 expire soon) You can ask 0 questions (will expire )
Answers in as fast as 15 minutes