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This quiz consists of 5 multiple choice and 5 short answer questions through For Chapters 8-10.

Multiple Choice Questions

1. When did Ross Perot found Electronic Data Systems?
(a) 1977.
(b) 1955.
(c) 1962.
(d) 1971.

2. In what year did Douglas Ivester tell his sales team to pass free Coca-Cola around as the Berlin Wall toppled?
(a) 1982.
(b) 1989.
(c) 1977.
(d) 1969.

3. According to the author in Chapter 2, the average annual income is what in the location where black rhinoceros horns are worth much on the black market?
(a) $8,700.
(b) $1,000.
(c) $2,500.
(d) $6,000.

4. Economists call the cycle of recession and recovery what, according to the author in Chapter 9?
(a) Perverse incentives.
(b) The business cycle.
(c) Gresham's law.
(d) Trade-off.

5. Douglas Ivester's goal was achieving what when he told his sales team to pass free Coca-Cola around as the Berlin Wall toppled?
(a) Brand recognition.
(b) World domination.
(c) Freedom for the German people.
(d) Reinstitution of Communism.

Short Answer Questions

1. When was the Federal Reserve Act enacted?

2. In economics, what is a good that is non-rival and non-excludable?

3. Douglas Ivester was appointed as Chairman and Chief Executive Officer of Coca-Cola Company after whose death?

4. The benefit of the HDI in comparison to the GDP is that the GDP does not measure what, according to the author in Chapter 9?

5. In Chapter 9, the author discusses how fifteen years ago what nation was on top of the world economically?

(see the answer key)

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