226.  Whether to erect protectionist trade barriers is a decision ________ every government seeking to protect native manufacturers.

(A) that faces
(B) that it faces
(C) it faces
(D) faces

Correct: A
Category: Adjective Clause

227. While some activities such as knitting clothes and making cheese lend themselves to a barter system, _______ such as purchasing airplane ticket do not.

(A) the others are activities
(B) another activities
(C) the other activities
(D) other activities

Correct: D
Category: Usage


228. ________ to have been a boon to domestic industries, free trade agreements have wreaked havoc in developed and developing countries.

(A) One time thinking
(B) It was at one time
(C) Thought at once
(D) Once thought

Correct: D
Category: Adverb + verb

229.  In the United States, most high tech companies have located their _______ of operations in Silicon Valley, California.

(A) base
(B) basis
(C) basic
(D) baseness

Correct: A
Category: Noun

230.  In the world of stock rumors, even a baseless allegation can have a _________ impact on stock prices.

(A) drama
(B) dramatic
(C) dramatize
(D) dramatized

Correct: B
Category: Adjective

231.  According to ________, prices in a free market system depend on supply and demand.

(A) basic economic theory
(B) economic basic theory
(C) theoretical basic economy
(D) theoretically economy basic

Correct: A
Category: Order

232.  The federal judge indicated that the _______ of her decision was her belief that Microsoft had deliberately tried to monopolize the market.

(A) base
(B) basic
(C) basis
(D) basically

Correct: C
Category: Noun

233. Pegging the value of a currency against a basket of currencies _______ the deuschmark, yen, and dollar is one way of establishing its value.

(A) includes
(B) include
(C) including
(D) include those

Correct: C
Category: Adjective

234.  One quality of a business leader is the ability to step up to bat and make the hard decisions _______ to ensure business viability.

(A) necessary
(B) necessarily
(C) necessitate
(D) necessitating

Correct: A
Category: Adjective

235.  The battle lines have long been drawn in the transatlantic air market as European carriers vie with American carriers _______.

(A) for market share
(B) in shared market
(C) to share market
(D) on shared markets

Correct: A
Category: Prepositional Phrase
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236.  The Wall Street Journal is often the bearer of significant business news which affects individuals _______.

(A) alike corporations
(B) and too corporations
(C) and corporations alike
(D) also corporations

Correct: C
Category: Connector

237. Because of the bearish economy, _______ brokerage jobs have been lost on Wall Street.

(A) a hundred of
(B) hundred of
(C) hundreds of
(D) the hundred

Correct: C
Category: Usage

238. _______ communistic economic theory can be found in Karl Marx's Das Kapital.

(A) A bedrock in
(B) The bedrock of
(C) The bedrock on
(D) A bedrock at

Correct: B
Category: Article Preposition

239. _______ wildly fluctuates whenever the Federal Reserve Bank makes pronouncements.

(A) Market behavior that
(B) Marketing behavior
(C) Market behavior
(D) Marketable behavior

Correct: C
Category: Usage

240. In the world of cruise lines, Carnival is an economic behemoth ________ existing passenger liners.


(A) by over a half in all
(B) with over half of all
(C) at over the half of all
(D) in over a half to all

Correct: B
Category: Prepositional Phrase

241.  It is believed that Bank of America is behind Nestle's ________ over General Foods.

(A) attempted taking over
(B) to attempt to take over
(C) attempting take over
(D) attempt to take over

Correct: D
Category: Infinitive

242. _______ the world's population will eventually outstrip the world's supply of food is a central tenet of Malthusian economics.

(A) The belief is that
(B) Believing when
(C) It is to believe why
(D) The belief that

Correct: D
Category: Subject



243.  The price of General Electric stock dropped four dollars a share _______ that quarterly earnings were below expectations.

(A) in reports
(B) at reports
(C) on reports
(D) through reports

Correct: C
Category: Preposition

244.  To start his ________, the President called for various belt tightening measures.

(A) economic austerity program
(B) austerity economic program
(C) program economic austerity
(D) program austerity economic

Correct: A
Category: Order

245. In an attempt to bend the rules, many passengers try _______ more than one carry-on onto their airplane.

(A) and take
(B) and took
(C) to take
(D) taking them

Correct: C
Category: Infinitive

246.  On Wednesday morning, OPEC set ________ of oil at $27 per barrel.

(A) the benchmark new price
(B) the new benchmark price
(C) the price, new benchmark
(D) the benchmark price, new

Correct: B
Category: Order

247.  One beneficiary of the NAFTA trade agreement was the Mexican shoe industry _______ has doubled its exports to the United States.

(A) that it
(B) it
(C) which
(D) whose

Correct: C
Category: Subordinator Adjective Clause

248.  When looking for a job, the prospective employee must look at the package of benefits offered by the ________.

(A) employing
(B) employed
(C) employment
(D) employer

Correct: D
Category: Noun

249. _______, John Smith bequeathed $50 million dollars to the Harvard Medical School.

(A) After his dead
(B) On his dying
(C) Upon his death
(D) In his demise

Correct: C
Category: Usage
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250.  Mrs. Ann Richard's generous bequest of 10 acres of prime real estate land will enable the university to build a new complex of _______.

(A) housing students
(B) students housing
(C) student housing
(D) housing student

Correct: C
Category: Adjective Phrase