Name: _________________________ | Period: ___________________ |
This quiz consists of 5 multiple choice and 5 short answer questions through Forward - Chapter 3.
Multiple Choice Questions
1. 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) 1993.
(b) 1997.
(c) 2000.
(d) 1988.
2. According to the author in Chapter 2, a horn from a black rhinoceros can fetch what amount on the black market?
(a) $30,000.
(b) $50,000.
(c) $120,000.
(d) $15,000.
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) $6,000.
(c) $2,500.
(d) $1,000.
4. What, according to the author, motivates talented teachers to leave to go onto other professions?
(a) Legislation.
(b) The uniform pay scale.
(c) Capitalism.
(d) Supply and demand.
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?
(a) Differential equation.
(b) Depression equation.
(c) Derivative equation.
(d) Deductive equation.
Short Answer Questions
1. According to the author in Chapter 3, it's up to whom to consider the broad social consequences of decisions In a market economy?
2. What rhetorical question do economists ask, according to the author in Chapter 1?
3. When was Douglas Ivester born?
4. What country withdrew from OPEC in 2008 after it became a net importer of oil?
5. What does OPEC stand for?
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