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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. The Chinese GDP has grown substantially over the past decade, yet its success is correlated to what, according to the author in Chapter 9?
(a) Environmental degradation.
(b) Utility costs.
(c) Quality of life.
(d) Interest payments.

2. When did the Korean War end?
(a) 1966.
(b) 1970.
(c) 1953.
(d) 1962.

3. What is an assistance paid to a business or economic sector?
(a) Subsidy.
(b) Collateral.
(c) Derivative.
(d) Interest.

4. In what year did the French government try to address its unemployment rates with what the author calls the economic equivalent of fool's gold?
(a) 2000.
(b) 1997.
(c) 1988.
(d) 1993.

5. What term was first used in the early 1990s to denote an organization's reputation as an employer?
(a) Trade-off.
(b) Employer branding.
(c) Futures contract.
(d) The Juche Idea.

Short Answer Questions

1. In economics, what refers to a general slowdown in economic activity?

2. What is a mathematical equation for an unknown function of one or several variables that relates the values of the function itself and its derivatives of various orders?

3. What is generally the principled guide to action taken by the administrative or executive branches of the state with regard to a class of issues in a manner consistent with law and institutional customs?

4. What does CEO stand for?

5. What rhetorical question do economists ask, according to the author in Chapter 1?

(see the answer key)

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