The world price of a ton of steel is $1,000. Before Russia allowed trade in steel, the price of a ton of steel there was $650. Once Russia allowed trade in steel with other countries, Russia began

A) exporting steel and the price per ton in Russia remained at $650.
B) exporting steel and the price per ton in Russia increased to $1,000.
C) importing steel and the price per ton in Russia remained at $650.
D) importing steel and the price per ton in Russia increased to $1,000.

When would it be appropriate to use jargon in a message?

A) When accuracy is critical
B) When there is a need to express thoughts specifically and dynamically
C) When other word choices have lost the power to communicate
D) When the words or phrases become part of popular culture
E) When communicating with a specific audience that is in the same field

The basic purpose of economic models is to:

A) construct simplifying assumptions about the real world.
B) explain reality in all its complexity.
C) collect empirical data to support the facts.
D) construct situations where controlled experiments can be carried out.
E) explain and predict economic events.

Managers who use coercive power are most likely to:

A) offer reward on completion of work.
B) assign work based on mutual agreement with employees.
C) verbally abuse employees or withhold support from them.
D) find a solution to his or her employees' problems.