View a FREE sample

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

Multiple Choice Questions

1. In 1900, a pair of stockings would cost how much money according to the author in Chapter 9?
(a) $0.25.
(b) $0.60.
(c) $0.75.
(d) $0.50.

2. What refers to the degree to which a correct forecast of a system's state can be made either qualitatively or quantitatively?
(a) Security.
(b) Index.
(c) Recession.
(d) Predictability.

3. OPEC is an intergovernmental organization of how many oil-producing countries?
(a) 8.
(b) 23.
(c) 12.
(d) 5.

4. What is a component of the financial markets for assets involved in short-term borrowing and lending with original maturities of one year or shorter time frames?
(a) Money market.
(b) Index fund.
(c) Floating exchange rate.
(d) Mutual fund.

5. What is a fee paid by a borrower of assets to the owner as a form of compensation for the use of the assets?
(a) Derivative.
(b) Interest.
(c) Subsidy.
(d) Deductible.

Short Answer Questions

1. When did the Cuban Revolution end?

2. In order to get a true understanding of an economy, there are nine factors one should consider along with the GDP according to the author in Chapter 9. What is the fourth?

3. Gary Becker figured that the stock of skills, education, training and an individual's health constitutes about what percent of a modern economy's wealth?

4. When was Douglas Ivester born?

5. According to the author, financial markets boil down to four basic simple needs. What is the first discussed in Chapter 7?

(see the answer key)

This section contains 223 words (approx. 1 page at 300 words per page) View a FREE sample