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1. In international trade, the practice of dumping refers to
A) exporting high-quality products at a price equivalent to the cost of production
B) exporting normal-quality products at a price below the home market cost
C) exporting low-quality products at a price above the normal value
D) exporting unwanted products out of the country of origin
2. An example of a core indicator used for reporting state performance of secondary students to Congress is
A) median family income
B) percentage of campus parental involvement
C) percentage of students considered at risk
D) student graduation rate
3. Which of the following types of charts is used with spreadsheets to show the relation between the fractional parts that make up a whole amount?
A) Pie charts
B) Line charts
C) Scatter charts
D) Flowcharts
4. Which of the following best describes the market structure of the soft drink industry?
A) An oligopoly that carries tight government restrictions
B) A monopoly that restricts further competition
C) An oligopoly that requires a huge upfront investment
D) A monopoly that suffers from excessive competition
5. Under ordinary circumstances, the average amount of unemployment in an economy is called the
A) cyclical rate of unemployment
B) natural rate of unemployment
C) frictional rate of unemployment
D) typical rate of unemployment
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: D | Question # 3 Answer: A | Question # 4 Answer: C | Question # 5 Answer: B |
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