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This quiz consists of 5 multiple choice and 5 short answer questions through For Chapters 11-Epilogue.

Multiple Choice Questions

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

2. Burton G. Malkiel is an American economist, most famous for what classic finance book?
(a) The Millionaire Next Door: The Surprising Secrets of America's Wealthy.
(b) A Random Walk Down Wall Street.
(c) Extreme Money: Masters of the Universe and the Cult of Risk.
(d) The Wall Street MBA: Your Personal Crash Course in Corporate Finance.

3. 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 fifth?
(a) Budget deficit/surplus.
(b) Income inequality.
(c) Poverty.
(d) Demographics.

4. Cuba remained a territory of Spain until the Spanish-American War ended in what year?
(a) 1898.
(b) 1913.
(c) 1841.
(d) 1862.

5. Gary Becker received the United States Presidential Medal of Freedom in what year?
(a) 1998.
(b) 2007.
(c) 1995.
(d) 2004.

Short Answer Questions

1. What is the appropriation of government spending for localized projects secured solely or primarily to bring money to a representative's district?

2. In finance, what is a debt security in which the authorized issuer owes the holders a debt and, depending on the terms, is obliged to pay interest to use and/or to repay the principal at a later date?

3. When did the Great Depression begin in the United States?

4. What does GDP stand for?

5. 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?

(see the answer key)

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