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This quiz consists of 5 multiple choice and 5 short answer questions through Chapters 4-7.

Multiple Choice Questions

1. What, according to the author, motivates talented teachers to leave to go onto other professions?
(a) Legislation.
(b) The uniform pay scale.
(c) Supply and demand.
(d) Capitalism.

2. When did the Korean War begin?
(a) 1950.
(b) 1959.
(c) 1931.
(d) 1948.

3. Behavioral economics intertwine economics and what?
(a) Geography.
(b) Religion.
(c) Psychology.
(d) Geometry.

4. When did the Cuban Revolution begin?
(a) 1934.
(b) 1972.
(c) 1953.
(d) 1965.

5. What refers to the increasingly global relationships of culture, people and economic activity?
(a) Globalization.
(b) Slavery.
(c) Monopoly.
(d) Consolidation.

Short Answer Questions

1. What term was first used in the early 1990s to denote an organization's reputation as an employer?

2. In Chapter 6, the author discusses poverty and income equality, using the example of what billionaire?

3. In what political structure does the government set the price and decide what's on the shelves?

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

5. The Lehman Brothers bank problem in 2008 occurred because the banks weren't what, according to the author?

(see the answer key)

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