The Wall Street Journal Weekly Quiz s16

The Wall Street Journal Education Program Weekly Review & Quiz Covering front-page articles from Sep 29-Oct 5, 2007 Answers Fall 2007 Developed by: Scott R. Homan Ph.D., Purdue University

1. For every extra dollar taken from drivers' pockets at the pump in the form of higher prices in recent years, low-cost exporters from China and elsewhere have put roughly ___ back in the form of cheaper retail goods. a. $0.25 b. $1.00 c. $1.50 Correct d. $2.00

2. Fears remain strong that high energy prices will tip ______into recession. a. Russia b. Japan c. the USA Correct d. the European Union

3. A weaker dollar influences more foreigners to _____. a. buy bonds b. buy Japanese products c. sell bonds d. visit Disney World Correct

4. If the dollar falls too far it could _____. a. intertwine currency rates b. lower interest rates c. run-up interest rates Correct d. lower oil prices

5. ______offices were once corporate backwaters, filled with people who didn't dream of advancing to the top rungs of their organizations. a. Personnel b. Staffing c. Project Planning d. Purchasing Correct

6. Alcoa Inc, International Business Machines Corp, and Sara Lee Corp have all created ______positions, often reporting directly to the chief executive or chief operating officers. a. chief personnel b. chief research c. chief computer planner d. chief purchasing officer Correct

© Copyright 2007 Dow Jones & Company, Inc. All rights reserved. WSJ Answer Key: Page 1 of 4 7. Wal-Mart's US revenue is ____ times that of discount store rival Target Corp. a. 2 ½ b. 3 c. 4½ Correct d. 5

8. The ______Era of overwhelming business and social influence in America, maybe drawing to a close. a. Microsoft b. Wal-Mart Correct c. IBM d. Target

9. By a nearly two-to-one margin, ______voters believe free trade is bad for the US economy. a. young b. Democratic c. Republican Correct d. female

10. Though President Bill Clinton famously steered the Democratic Party toward a less- protectionist bent and promoted the ______, his wife and the current Democratic front-runner, Hillary Rodham Clinton, has adopted more skeptical rhetoric. a. South American Free Trade Agreement b. North American Free Trade Agreement Correct c. Mid American Free Trade Agreement d. Global Free Trade Agreement

11. The United Kingdom is home to _____ of Europe's high net-worth individuals, defined as anyone with more than $1 million in financial assets. a. 7% b. 10% c. 17% Correct d. 27%

12. Behind the surge of money pouring into London is ______. a. high taxes b. easy banking c. low housing prices d. the globalization of wealth Correct

13. The battle between ____ lovers and haters simmered for half a century before reaching a climax in 1965, when Lady Bird Johnson persuaded Congress to pass the Highway Beautification Act. a. flower b. tree c. automobile

14. In 1969, at the Pentagon's Advanced Research Projects Agency, Larry Roberts oversaw a program called ARPAnet that became the foundation for the ____. a. Space Station b. US highway system c. cell phone network d. Internet Correct

15. Propelled in part by gasoline prices hovering near $3 a gallon, sales of the ____ have surged 69% this year compared with a year ago. a. Mercedes E-Class diesel b. Harley-Davidson motorcycle c. Prius Correct d. Ford Mustang

16. Adidas executives learned what an increasing number of marketers have found, that pitchmen armed with a _____ can be tricky. a. camera b. blog Correct c. computer d. dvd player

17. A six pack of high-brow beer is about to come at a higher price, thanks to the sharpest surge in decades in the cost of _____ that give each brew its distinctive taste. a. spring water b. wood barrels c. cork d. hops and barley Correct

18. Nearly 300 funds that Morningstar categorizes as US stock funds have more than 2% of assets in _____. a. bonds b. tax funds c. emerging-market stocks Correct d. rocket stocks

19. _____ represents a relatively small fraction of the economy, historically accounting for about 5% of gross domestic product. a. Transportation b. Housing Correct c. Manufacturing d. Auto Sales

20. Big US companies are getting a boost from _____. a. dollar valuation

21. For a decade, ______meant the US economy could grow faster without fueling inflation. a. high interest rates b. technology gains c. productivity gains Correct d. low bonds

22. For US investors looking to cut exposure to a weaker US economy, the key is to find companies that ______. a. invest in US housing b. invest in bonds c. benefit from global growth Correct d. benefit from banks

23. The August jobs report registered a loss of 32,000 ___. a. hotel jobs b. construction jobs c. airline jobs d. public school teaching jobs Correct

24. The merger of US Airways and America West has a. increased mechanical problems, dirty planes, credit-card hassles and ticketing problems Correct b. been a financial disaster c. has greatly improved service and customer satisfaction in all areas d. both b and c

25. For your spouse to qualify for Social Security based on your earnings, he or she would either have to: a. be at least 62 years old b. be married to you for a year c. be the natural parent of your child d. all of the above Correct

26. Perks that help employers land on a “best workplace” list include a. enviro-perks, or amenities to make the office more alluring b. wide open flexibility c. "top-down, 'here's our policy, check the box'" approach to flexible work schedules d. both a and b Correct