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14)    International advertisers prefer global television (satellite broadcasts) due to the availability of accurate market data in most countries.

19)   The only way to avoid linguistic problems in advertising communication is by _____________.   

The type of unemployment caused by changes in the business cycle is:

M1 is

25)   Cargo ships are reducing transit time and are larger and thus able to carry more containers. What is the disadvantage of this for U.S. companies’ imports?

20)    A study of a representative sample of European consumers indicated that ___________.   

If an economy operates at a point within its production possibilities curve,

The price of a gallon of gasoline was $2.01 in May 2004 compared to 39 cents in 1973. However, the Consumer Price Index was 44.4 in 1973 compared to 189.1 in May 2004 (the base year: 1980−1984 = 100). In terms of the purchasing power of the dollar in 2004, the 1973 price of gasoline was:

Table 1: Production possibilities of Farmer and Rancher in Meat and Potatoes productions with 40 labor hours.   Meat (pounds) Potatoes (pounds) Farmer 5 20 Rancher 10 8 From this production possibilities data, which of the following statements is CORRECT?

If a country’s currency appreciates, which of the following will most likely happen?