Weekly Review Quiz As of 2010-11-18 Economics: Micro

Weekly Review Quiz as of 2010-11-18
Economics: Micro

Ballmer Says Microsoft Breakup Not in Cards
by Jeanette Borzo
11/17/2010
http://online.wsj.com/article/SB10001424052748704312504575618731948970368.html

1. Microsoft Corp. is facing questions about whether it should break up its business from a new quarter:

a) the federal government.
b) the state of Washington.
* c) its stockholders.
d) Google Inc.
e) Amazon.com, Inc.

States Offer Washington Lesson in Belt Tightening
by Amy Merrick, Conor Dougherty and David Wessel
11/17/2010
http://online.wsj.com/article/SB10001424052748704405704575596530258949928.html

2. Unlike the federal government, state governments are constitutionally required to balance their budgets. Facing budget shortfalls, The Wall Street Journal reports that states are proposing

a) to raise the retirement ages for new state workers.
b) to give state workers the choice between lower pension benefits and higher contributions.
c) major gambling expansions.
* d) all of the above.
e) none of the above.

U.S. Hit By Trade Setback
by Bob Davis and Elizabeth Williamson
11/12/2010
http://online.wsj.com/article/SB10001424052748703805004575607563000715350.html

3. Potentially killing the biggest bilateral trade deal the U.S. has taken up in more than a decade, the presidents of the U.S. and South Korea were unable to overcome disputes over

a) cars.
b) cattle.
c) domestic politics.
* d) all of the above.
e) none of the above.

Chinese Plan to Buy Stake in GM
by Sharon Terlep
11/13/2010
http://online.wsj.com/article/SB10001424052748704865704575610771579286344.html

4. China’s biggest auto maker, SAIC Motor Corp., is negotiating to acquire a stake of about 1% in

* a) General Motors Co.
b) Ford Motor Co.
c) Chrysler Group LLC.
d) Honda Motor Company, Ltd.
e) Toyota Motor Corp.

Facebook's New Front in Google Rivalry
by Geoffrey A. Fowler and Amir Efrati
11/16/2010
http://online.wsj.com/article/SB10001424052748703326204575616672123580274.html

5. Facebook ramped up its rivalry with Google and other Internet companies, as the social-networking giant unveiled a

a) search engine.
* b) messaging service.
c) web mapping service.
d) digital music player.
e) none of the above.