Weekly Review Quiz as of 2009-08-13
Economics: Micro
GM, eBay to Test Online Car Sales
by Geoffrey A. Fowler, John D. Stall and Scott Morrison
08/11/2009
http://online.wsj.com/article/SB124988129500618833.html
1. General Motors Co. and eBay Inc., looking to jump-start sluggish vehicle sales at both companies, rolled out a pilot program that allows customers to buy a new car by
a) bidding in an online auction.
b) searching online for autos available on dealer lots.
* c) negotiating online with dealers.
d) all of the above.
e) none of the above.
Barnes & Noble Heads Back to School with College Booksellers Purchase
by Jeffrey A. Trachtenberg
08/11/2009
http://online.wsj.com/article/SB124990362890119179.html
2. Leonard Riggio, Barnes & Noble founder and largest single shareholder, is selling Barnes & Noble College Bookstores Inc. to
* a) Barnes & Noble Inc.
b) Borders Group, Inc.
c) Crown Books.
d) Powell’s Books.
e) Books Inc.
Electricity Prices Plummet
by Rebecca Smith
08/12/2009
http://online.wsj.com/article/SB125003563550224269.html
3. What surprising development has happened in the electricity industry?
a) Declining wage rates.
b) The increasing demand for luxury products.
c) The increasing demand for services.
* d) Declining electricity prices.
e) Stable electricity prices.
Leaders of U.S., Mexico and Canada Vow Cooperation
by Elizabeth Williamson
08/11/2009
http://online.wsj.com/article/SB124991495972319477.html
4. During this week’s summit with President Obama, Mexican President Felipe Calderon and Canadian Prime Minister Stephen Harper, Mr. Obama made clear that he does not believe substantive progress will be possible until next year on U.S. legislation to
a) overhaul NAFTA.
b) create a North American currency.
* c) overhaul immigration.
d) all of the above.
e) none of the above.
A Hard Lesson for Teachers
by Dana Mattioli
08/11/2009
http://online.wsj.com/article/SB20001424052970203612504574342530405184284.html
5. According to the National Education Association, for the first time since 1983
a) expenditures on elementary and secondary public education will decrease.
b) the number of teachers earning tenure will increase.
c) the number of teachers earning tenure will decrease.
d) the number of people working in local education will increase.
* e) the number of people working in local education will decrease.