TTU ISQS 3344 Flamm - Exam 1 Review
Questions and Answers
How does China maintain such a low currency valuation?
a. By employing alien labor
b. By dumping currency into the economy
c. By utilizing old world technology
d. China's currency valuation is rising steadily
✓ ~~~ b
Why do we (US) import so much Canadian oil?
a. It's better quality
b. Actually we don't import any oil from Canada
c. Our currency is higher in valuation than the Canadian dollar
d. They throw in good Canadian whiskey for every gallon of oil we buy from them
✓ ~~~ c
Why did productivity go up in 2008 - 09?
a. Workers got huge raises
, b. Government spending increased sharply
c. Housing Bubble
d. Drug trade in the US dropped off
e. Many people went back to school
✓ ~~~ c
Why did employment numbers drop after WW 2?
a. Many quantitative techniques were perfected in the war
b. Women chose to become stay at home Moms
c. Demand dropped off sharply
d. Men back from the war didn't go back to their jobs
✓ ~~~ a
A good core competency for a company to compete on cost?
a. High priced labor
b. Good relationship with outside contractors
c. Excellent R&D
d. Very strong union presence
✓ ~~~ b
Questions and Answers
How does China maintain such a low currency valuation?
a. By employing alien labor
b. By dumping currency into the economy
c. By utilizing old world technology
d. China's currency valuation is rising steadily
✓ ~~~ b
Why do we (US) import so much Canadian oil?
a. It's better quality
b. Actually we don't import any oil from Canada
c. Our currency is higher in valuation than the Canadian dollar
d. They throw in good Canadian whiskey for every gallon of oil we buy from them
✓ ~~~ c
Why did productivity go up in 2008 - 09?
a. Workers got huge raises
, b. Government spending increased sharply
c. Housing Bubble
d. Drug trade in the US dropped off
e. Many people went back to school
✓ ~~~ c
Why did employment numbers drop after WW 2?
a. Many quantitative techniques were perfected in the war
b. Women chose to become stay at home Moms
c. Demand dropped off sharply
d. Men back from the war didn't go back to their jobs
✓ ~~~ a
A good core competency for a company to compete on cost?
a. High priced labor
b. Good relationship with outside contractors
c. Excellent R&D
d. Very strong union presence
✓ ~~~ b
