U.S. imports

A) increase the foreign demand for foreign currencies.
B) increase the domestic demand for foreign currencies.
C) decrease the foreign supply of foreign currencies.
D) increase the domestic supply of foreign currencies.

(Figure: Market Demand) Look at the figure Market Demand.The amount by which the total benefits to consumers exceed their total expenditure is called _____,and if the price is B,is depicted by the area _____.

A) producer surplus;BCD
B) consumer surplus;0CDE
C) consumer surplus;BCD
D) net benefit;0BDE

Refer to Figure 7.5. Diminishing marginal returns set in after the ________ worker is hired.

A) first
B) fifth
C) eighth
D) sixteenth

Ratification of a contract with a minor has to be expressly made only in written form.

Lisa agrees to sell Deb an electronic entertainment center worth $1,000 for $700 cash in order to have a rapid sale.Later,Lisa insists that she may rescind this agreement since the agreed price was 30% below fair market value.Lisa may:

A) rescind,since the consideration is inadequate.
B) rescind,since the agreement is unconscionable.
C) rescind,since the agreement is not bargained for.
D) not rescind the agreement once Deb accepts.

Effective teams​

A) Follow an organized,rigid procedure.
B) Avoid overlapping or backtracking.
C) Always move smoothly from step to step of the problem solving sequence.
D) ​Accomplish their process in a cyclical manner.