Weekly Review Quiz as of 2010-03-25
Economics: Micro

A Hot Job for Hard Times: The Life-Insurance Agent
by Leslie Scism
03/19/2010
http://online.wsj.com/article/SB20001424052748703954904575110163185399210.html

1. Life insurance companies have been signing up more life-insurance agents because

a) there is an increase in demand for whole-life insurance policies due to the downturn in stocks.
b) there is an increase in the supply of life-insurance agents due to weak job market for former real-estate agents, mortgage brokers, bankers and lawyers.
c) the scandals over the way some life-insurance agents sold whole-life policies have been fading from memories.
* d) all of the above.
e) none of the above.

Ford CEO's Pay Rose as Profit Returned
by Jeff Bennett
03/23/2010
http://online.wsj.com/article/SB20001424052748704117304575137503892373236.html

2. Ford Motor Co. Chief Executive Alan Mulally's pay package rose almost 6% to $17.9 million in 2009. The increase reflects Mr. Mulally’s progress in

a) turning the company around.
b) avoiding government bailouts and bankruptcy court.
c) increasing company profitability.
* d) all of the above.
e) none of the above.

March Car Sales Seen Surging
by Jeff Bennett
03/19/2010
http://online.wsj.com/article/SB20001424052748703523204575129981012116328.html

3. A rise in U.S. car sales during the first half of March is due to

a) higher customer incentives offered by auto manufacturers.
b) good weather, especially in the Northeast.
c) the improving stock market.
* d) all of the above.
e) none of the above.

Parties Joust Over Next Steps on Health
by Jonathan Weisman
03/23/2010
http://online.wsj.com/article/SB20001424052748704841304575138202807054566.html

4. President Obama signed the first piece of major health care reform legislation. A second bill, which still needs to clear the Senate, proposes to

a) close the "doughnut hole", a gap in Medicare prescription-drug coverage.
b) increase insurance subsides for low-income Americans.
c) narrow and delay a tax on high-value plans.
* d) all of the above.
e) none of the above.

5. With regard to the health care bill that the President signed this week, Former Senate Majority Leader Bill Frist suggested his Republican party should

a) put major financial resources into the November election in attempt to win a veto-proof majority in Congress.
b) have tried harder to kill the bill instead of pressing simply to negotiate.
* c) have tried harder to negotiate instead of pressing simply to kill the bill.
d) pack their bags and go home.
e) use all of their political capital to oppose Nancy Pelosi and Harry Reid.