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This quiz consists of 5 multiple choice and 5 short answer questions through Forward - Chapter 3.

Multiple Choice Questions

1. In Chapter 2, the author discusses how the black rhinoceros is nearly extinct and that the horns are considered what?
(a) An alkaloid.
(b) A poison.
(c) An evil potion.
(d) An aphrodesiac.

2. What describes the extent to which time or effort is well used for the intended task or purpose?
(a) Proximity.
(b) Efficiency.
(c) Reliability.
(d) Intention.

3. Ross Perot ran for President of the United States in what year?
(a) 1988.
(b) 1992.
(c) 2000.
(d) 2002.

4. What rhetorical question do economists ask, according to the author in Chapter 1?
(a) "Who sees London?"
(b) "Who feeds Paris?"
(c) "Who smells Detroit?"
(d) "Who hears New York?"

5. The Lehman Brothers bank problem in 2008 occurred because the banks weren't what, according to the author?
(a) Using their own money.
(b) Keeping enough money on hand.
(c) Analyzing risk.
(d) Paying out interest.

Short Answer Questions

1. According to the author in Chapter 1, companies want to profit, and consumers want what?

2. 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?

3. What refers to reasoning which constructs or evaluates deductive arguments?

4. When did Ross Perot found Electronic Data Systems?

5. Where did politicians try to deal with the level of pollution by limiting driving based on license plate numbers, according to the author in Chapter 2?

(see the answer key)

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