Weekly Review Quiz as of 2008-04-17
Economics: Micro
Nursing Homes, in Bid to Cut Costs, Prod Patients to Forgo Lawsuits
by Nathan Koppel
04/11/2008
http://online.wsj.com/article/SB120786025242805879.html?mod=djem_jiewr_ecq
1. To reduce their costs nursing homes have been
* a) requiring patients to give their right to sue over disputes about care.
b) reducing the quality of care.
c) building fewer single-occupancy rooms.
d) increasing the ratio of patients to nurses.
e) reducing nurses’ salaries.
Microsoft Remains Favorite in Crowded Battle for Yahoo
by Kevin J. Delaney, Matthew Karnitschnig and Jessica E. Vascellaro
04/11/2008
http://online.wsj.com/article/SB120787106613306483.html?mod=djem_jiewr_ecq
2. Among the players battling over Yahoo, there's a likely common assumption:
a) With the implementation of its new search engine, Yahoo is likely to thump Google in the market for search engines.
b) Left on its own, Yahoo will fail.
* c) Major brand advertisers are gearing up to move big chunks of money from traditional ads including TV commercials and glossy magazine spreads to online outlets.
d) Yahoo is overvalued, which means that an acquiring firm is likely to lose money.
e) Yahoo’s management is incompetent.
Russian Oil Slump Stirs Supply Jitters
by Guy Chazan and Neil King Jr.
04/15/2008
http://online.wsj.com/article/SB120820608486613923.html?mod=djem_jiewr_ecq
3. One primary reason for higher oil prices for a global economy coping with a slowdown is declining production from the world's largest oil producer,
* a) Russia.
b) Saudi Arabia.
c) Iran.
d) Kuwait.
e) Nigeria.
Bush to Call for Greenhouse-Gas Curbs
by John D. McKinnon and Stephen Power
04/16/2008
http://online.wsj.com/article/SB120828918318917035.html?mod=djem_jiewr_ecq
4. President Bush will propose changes to U.S. greenhouse-gas emissions. Specifically, he will propose
a) eliminating all federal regulations to limit greenhouse-gas emissions.
* b) stopping growth in U.S. greenhouse-gas emissions by 2025.
c) implementing economy-wide caps on emissions.
d) placing special regulations on carbon dioxide emissions.
e) matching one-for-one the reductions made by China.
Law Firms Curtail Associate Programs as Economy Slows
by Ashby Jones
04/14/2008
http://online.wsj.com/article/SB120812870657811461.html?mod=djem_jiewr_ecq
5. Due largely to a slowdown in work relating to mortgages, real estate, mergers and private equity, some law firms have been
a) raising their fees to make up for the losses in work.
b) laying off partners who specialize in real estate.
c) laying off support staff.
d) taking advantage of the weak dollar by moving into the growing business of international law.
* e) curtailing their associate programs.