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Chris M.
Chris M., M.S.W. Social Work
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. The U.S. Supreme Court hears appeals from the (Points 5)

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. The U.S. Supreme Court hears appeals from the: (Points: 5)
government departments.
highest state courts.
federal corporations.
federal arbitral tribunals.

2. Today's business professionals involved in global markets are sometimes faced with ethical predicaments, because of different: (Points: 5)
modes of transport.
standards of ethics.
values of money.

3. If the person accused of __________ had a special privilege, such as an attorney in a court proceeding who accuses a witness of lying, then the complainant person cannot recover damages. (Points: 5)
false imprisonment
vis major

4. The executive branch of government sees that all legislation is: (Points: 5)

5. The law assumes that, as long as no undue pressure is brought to bear, the parties were: (Points: 5)
free to reject a proposed unfair contract.
not allowed to enter into another contract.
bound compulsorily by all the terms of a contracts.
free to perform an illegal act.

6. The obligation to perform acts already required is known as a: (Points: 5)
pious obligation.
preexisting duty.
social obligation.
contractual duty.

7. The intangible right of ownership is called: (Points: 5)

8. A contract that gives the buyer title to goods and the opportunity to return them to the seller at a later time is a: (Points: 5)
contract for sale with the right of return.
sale on approval of the buyer.
contract to sell.
trial contract.

9. The Magnuson-Moss Warranty Act relating to warranties addresses many different kinds of abuses to: (Points: 5)

10. If minors are capable of properly carrying out the duties of an agency relationship then they: (Points: 5)
may be considered to represent other persons as agents.
may still not be eligible to enter into a contract with an agent.
may still not be considered to represent other persons as agents.
are exempted from representing other persons as agents.

11. The death or disability of one of the partners in a business causes: (Points: 5)

12. The one that provides the holder with certain rights during the period covered by the lease is called a(n): (Points: 5)
leasehold estate.
accession estate.
conversion estate.
administrator's estates.

13. The law concerning bailments provides for certain rights and duties of both bailor and bailee, depending on the: (Points: 5)
amount of the transactions.
nature of the business.
kind of bailment.
competency in the market.

14. An agreement in which the seller agrees not to begin or operate a similar business within a certain geographic area, or within a specified period of time, is known as a(n): (Points: 5)
service-level agreement.
agreement not to compete.
arbitration agreement.
nondisclosure agreement.

15. Unauthorized access to computers invites violation of: (Points: 5)

16. The employer owes several duties to his or her employee. These duties are mostly __________ in nature. (Points: 5)

17. The "Americans with Disabilities Act" defines disability as a(n) __________ that substantially limits one or more of the major activities of life. (Points: 5)

18. All of the following are the elements that a plaintiff must prove in order to be successful in establishing the defendant's negligence in a product liability lawsuit EXCEPT: (Points: 5)

19. In a product liability lawsuit, __________ is/are often difficult to prove because the plaintiff usually needs the opinions of expert witnesses who can evaluate whether the defendant negligently manufactured or sold the product. (Points: 5)
proximate cause

20. To attain economic results, such as protecting domestic industries or facilitating the production of certain crops, at times a country will impose a(n): (Points: 5)
capital punishment.

Hello, and thanks for the question.


Answers are as follows:


1. highest state courts.

2. standards of ethics.

3. defamation

4. enforced.

5. bound compulsorily by all the terms of a contract.

6. contractual duty.

7. title.

8. contract for sale with the right of return.

9. consumers.

10. may be considered to represent other persons as agents.

11. dissolution.

12. leasehold estate.

13. kind of bailment.

14. agreement not to compete.

15. rights.

16. legal

17. impairment

18. warranty.

19. breach

20. tariff.


Hope this helps!

Chris M. and other Homework Specialists are ready to help you
Customer: replied 6 years ago.
1. The recovery phase of the business cycle ends when we: (Points: 5)
re-attain the level of the previous peak.
re-attain the level of the previous trough.
go into the next recession.
are back at full employment.

2. __________ is NOT an endogenous business cycle theory. (Points: 5)
Psychological theory
Demographic theory
Monetary theory
Innovation theory

3. Demand-pull inflation is often summed up as: (Points: 5)
too many dollars chasing too few goods.
the wage-price spiral.
profit-push inflation.
supply-side cost shock inflation.

4. The unemployment that occurs as jobs are eliminated because of changing technology is known as: (Points: 5)

5. During the early 1980s the changes that occurred in inflation and unemployment rates: (Points: 5)
suggest that disinflation can occur only if unemployment increases significantly.
support the notion of a stable Phillips curve.
suggest that both inflation and unemployment can be consistently reduced by dramatically increasing interest rates.
All of the above

6. During business cycles: (Points: 5)
troughs are followed by recessions.
troughs are followed by peaks.
peaks are followed by troughs.
peaks are followed by recessions.

7. Inflation generally occurs: (Points: 5)
in wartime.
before wars.
during recessions.
in peacetime.

8. Kimberly quit her job as a computer programmer, spent two weeks in Hawaii, and is now looking for (and expects to soon find) another job. She is __________ unemployed. (Points: 5)

9. In 1973 the OPEC countries: (Points: 5)
lowered the price of oil by 50%.
raised the price of oil by 50%.
doubled the price of oil.
quadrupled the price of oil.

10. The term recession refers to a: (Points: 5)
period of decline in real GDP for two business quarters.
fall in the general level of real wages.
fall in the CPI.
fall in the rate of increase of real per capita GDP.

11. The unemployment rate is a fraction whose numerator is the: (Points: 5)
total population.
number of employed.
number of unemployed.
difference between the total population and the number of employed.

12. A lender need NOT be penalized by inflation if the: (Points: 5)
long-term rate of inflation is less than the short-term rate of inflation.
short-term rate of inflation is less than the long-term rate of inflation.
lender correctly anticipates inflation and increases the nominal interest rate accordingly.
inflation is unanticipated by both borrower and lender.

13. What does NOT occur in a fully employed economy? (Points: 5)
Cyclical unemployment
Discouraged workers
Frictional unemployment
Structural unemployment

14. The Consumer Price Index measures changes in: (Points: 5)
the money supply.
all prices.
the cost of living.
the cost of consumer credit.

15. Discouraged workers are officially: (Points: 5)
not in the labor force.
in the labor force.

16. Business cycles: (Points: 5)
have been a recurring source of debate to economic theory throughout history.
represent a fairly recent problem confronting economic systems.
show very regular and smooth patterns of ups-and-downs in economic systems.
cannot occur in market-based economic systems.

17. Which can be negative? (Points: 5)
Only the nominal rate of interest
Only the real rate of interest
Both the nominal and real rates of interest
Neither the nominal nor the real rate of interest

18. For purposes of calculating the unemployment rate, a person who is between jobs is: (Points: 5)
counted as being structurally unemployed.
not included in the labor force.
not included in the population.
counted as being frictionally unemployed.

19. The U.S. Department of Labor calculates the unemployment rate by: (Points: 5)
totaling the number of households receiving unemployment compensation.
analyzing federal income tax returns.
surveying households.
surveying businesses to determine patterns of hiring and layoffs.

20. While the limit for collecting unemployment benefits in the United States is 26 weeks, German unemployed workers can collect for at least: (Points: 5)
one year.
five years.
nine months.
two years.


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