If speculators bid up the value of the dollar in the market for foreign-currency exchange, U.S. aggregate demand would shift to the left.

(Scenario: The Market for Good X) Use Scenario: The Market for Good X.The tax revenue collected by government from a $1 per unit tax will be (round all calculations to two decimal places) :

A) $1.00.
B) $59.04.
C) $60.00.
D) $60.50.

A contract of adhesion:

A) is automatically unenforceable.
B) consists largely of boilerplate provisions, such as a standard-form insurance policy.
C) is a contract that exhibits either procedural or substantive unconscionability.
D) is a contract containing multiple exculpatory clauses.

Which type of question is designed to solicit opinions and insights from the audience?

A) Leading
B) Open-ended
C) Compound
D) Closed
E) Ambiguous

Bob,an attorney,purchased licensed software from Bill Able Inc.to prepare his clients' invoices online.The shrinkwrap packaging for the program disks and the software manuals contained a limitation of remedies clause,which limited the buyer's remedies to the $50 purchase price of the software.Bob later discovered that his invoices for the past year were too low due to a malfunction in the software,costing him over $10,000 in lost revenue.Bob sues Bill Able Inc.for breach of warranty.What is the likely result?

A) Bob wins because he has equal bargaining power with Bill Able,Inc.
B) Bob wins because a shrinkwrap's limitation of remedies clause is generally unenforceable.
C) Bob wins because the court will likely view the limitation of remedies clause as unconscionable and unenforceable.
D) Bob loses because the disclaimer is effective.

Davis and Thompson have earnings of $850 each. The social security tax rate is 6.0%, and the Medicare tax rate is 1.5%. Assuming that the payroll will be paid on December 29, what will be the employer's total FICA tax for this payroll period?

A) $102.00
B) $127.50
C) $96.00
D) $25.50