Biology Forums - Study Force

Mobil Energy Corp has a monopoly on gas sales in Texas. If the price of oil increases, the price of gas will
 a. increase.
  b. decrease.
  c. remains the same.
  d. may increase or decrease.

QUESTION 2

In an open economy with few capital restrictions and substantial import-export trade, a rise in interest rates and a decline in the producer price index of inflation will
 a. raise the value of the currency
  b. lower the nominal interest rate
  c. increase the volume of trading in the foreign exchange market
  d. lower the trade-weighted exchange rate
  e. increase consumer inflation.

QUESTION 3

Which of the following is TRUE about firms organized along functional lines?
 a. Workers find it difficult to develop functional expertise
 b. Workers find it difficult to share information within their division
  c. They foster the exploitation of economies of scale
 d. All of the above

QUESTION 4

All these are characteristics of a monopoly except,
 a. There is one seller of the product
  b. Has few substitutes
  c. Controls a large share of the market
  d. Controls a small share of the market

QUESTION 5

In the last twenty-five years, the Yen and German mark and now the Euro have
 a. fluctuated widely against the dollar
  b. appreciated against the dollar and then depreciated against the dollar
  c. exchanged without restrictions
  d. all of the above
  e. none of the above

QUESTION 6

Which of the following is TRUE about firms organized along functional lines?
 a. Workers find it difficult to develop functional expertise
  b. Workers can easily share information within their division
  c. They inhibit the exploitation of economies of scale
 d. All of the above

QUESTION 7

As a patent in a the pharmaceutical industry expires, the market for these drugs
 a. Can now be categorized as a competitive market
  b. Can now be categorized as a monopolistic market
  c. Was and is still a monopolistic market
  d. Was and is still a competitive market

QUESTION 8

An appreciation of the U.S. dollar has what impact on Harley-Davidson (HD), a U.S. manufacturer of motorcycles?
 a. domestic sales of HD motorcycles increase and foreign sales of HD motorcycles increase
  b. domestic sales of HD motorcycles decrease and foreign sales of HD motorcycles increase
  c. domestic sales of HD motorcycles increase and foreign sales of HD motorcycles decrease
  d. domestic sales of HD motorcycles decrease and foreign sales of HD motorcycles decrease
  e. only manufacturers who produce traded goods are affected

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