If one dollar is initially equal in value to one euro and demand for euros increases,then each dollar will be worth:

A) more than one euro and European imports will be cheaper in the United States.
B) less than one euro and European imports will be more expensive in the United States.
C) more than one euro and European imports will be more expensive in the United States.
D) less than one euro and European imports will be cheaper in the United States.
E) the same as the euro and there will be no change in the values of imports or exports.

The cost to start a direct retailing business is typically very low which has led to

A) low turnover rates in this form of business.
B) more people using this form of business as a primary source of income.
C) the impression that this form of business is not worthwhile.
D) high turnover rates in this form of business.

In the Opening Case,the plaintiff-nurse alleged the defendant-hospital did (did not) do all of the following except:

A) did not properly train the nurse for the task of dealing with such cases.
B) did not provide her with proper protective gear.
C) did not train her in the gear she was given,inadequate though it was.
D) provide her with effective assistance of counsel.

A firm will only invest when the marginal revenue product of capital is less than its rental cost.

Refer to Figure 7-1. Suppose that the price falls from P₂ to P_1. Area C represents the

A) decrease in consumer surplus that results from a downward-sloping demand curve.
B) consumer surplus to new consumers who enter the market when the price falls.
C) additional consumer surplus to initial consumers.
D) decrease in consumer surplus in the market when the price increases from P₁ to P₂.

Who developed the concept of management by objectives?

A) Hackman and Oldham
B) Peter Drucker
C) Frederick Winslow Taylor
D) Frederick Morgeson and Stephen Humphrey
E) Adam Grant