2009 Economics Subject Test Part I. Multiple Choice (30 questions‚ 60 points in total) Choose only ONE best answer. 1 E 2 D 3 E 4 B 5 B 6 B 7 D 8 C 9 C 10 A 11 D 12 A 13 C 14 D 15 D 16 D 17 C 18 B 19 A 20 C 21 D 22 B 23 A 24 D 25 C 26 A 27 B 28 D 29 D 30 C 1. An increase in the quantity demanded could be caused by: a. an increase in the price of substitute goods b. a decrease in the price of complementary goods c. an increase
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customers and projects with his loan application. He also included a list of current receivables. Gupta told the loan officer that he had monitored his firm’s financial status closely and that he had financial reports prepared every six months. He said that the would send a copy to the bank. In addition‚ he was willing to file a personal financial statement with the bank. Question: 1. Prepare your recommendation on Agarwal Cast Company Caselet 2 This case has been framed in order to test the skills
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4. Saline solution is used to reverse hypotonic hydration. Are body cell membranes permeable to saline? Explain your response. 5. Explain the renin-angiotensin mechanism. 6. Explain how ADH compensates for blood that contains too many solutes. Answers 1. Three types of homeostasis are involved: fluid balance‚ electrolyte balance‚ and acid-base balance. Fluid balance means that the total quantity of body water remains almost constant and that the distribution between the ICF and ECF are normal
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Self Assessment Doing Business for Humanity This is a guide to what I expected in an answer and the length. If I ask for 2 examples don’t waste time giving more. __________________________________________________________________________________ Q1. Give 2 examples of institutions used to distribute multi lateral aid The World Bank‚ IMF etc Q2. Briefly state what comparing actual amounts of a nation’s Aid giving from per capita amounts reveals. The absolute amount given by the US for example
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1. Agency Problems of MNCs. a. Explain the agency problem of MNCs. ANSWER: The agency problem reflects a conflict of interests between decision-making managers and the owners of the MNC. Agency costs occur in an effort to assure that managers act in the best interest of the owners. b. Why might agency costs be larger for an MNC than for a purely domestic firm? ANSWER: The agency costs are normally larger for MNCs than purely domestic firms for the following reasons
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have. Their car is very expensive but reliable. 7. Have you got a calculator? — No‚ I haven’t. 8. Is this a watch? — No‚ it isn’t a watch‚ it’s a pen. 9. This pen is good‚ and that pen is bad. 10. I can see a pencil on your table‚ but I can see no paper. 11. Give me a chair‚ please. 12‚ They have a dog and two cats. 13. I have a spoon in my plate‚ but I have no soup in it. 14. My friend says he is going to be a millionaire one day. 15. Would you like an orange? 16. Mr. Smith is an artist‚ Mrs. Smith
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Q1: Describe the basic assumptions of Economics. Ans- The basic problem of economics can be summarized in one sentence: How to best satisfy unlimited wants with unlimited resources. We can break this problem into two parts: Preferences - What do we like‚ what do we dislike. Resources - We all have limited resources. Even Warren Buffett and Bill Gates have limited resources. They have the same 24 hours in a day that we do and neither is going to live forever. All of economics‚ both microeconomics and
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Chapter 3 The Balance Sheet and Financial Disclosures Questions for Review of Key Topics Question 3-1 The purpose of the balance sheet‚ also known as the statement of financial position‚ is to present the financial position of the company on a particular date. Unlike the income statement‚ which is a change statement that reports events occurring during a period of time‚ the balance sheet is a statement that presents an organized array of assets‚ liabilities
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machinery is expected to be totally obsolete when the company is finished using it‚ the estimated residual value may be based on how much the company could expect to get from the scrap metal in the asset. Expected technological advances may lead management to anticipate that machinery may become nothing more than scrap metal well before the asset actually wears out. In this case‚ the residual value may be estimated as a dollar amount per ton that the company can expect to get when the machinery is
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cash from operations on the cash flow statementc. Just impact the balance sheet.d. Have no impact on the net cash from operations as depreciation appears in both cash flow and income statementAnswer | Selected Answer: | C. Just impact the balance sheet. | Correct Answer: | B. Increase net cash from operations on the cash flow statement | Response Feedback: | Since an increase in depreciation reduces net income there are less taxes to pay. This in turn results in a slight increase
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