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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. Who gave out free medication in order to help the fight against leprosy, according to the author in Chapter 9?
(a) The Bill and Melinda Gates Foundation.
(b) The World Health Organization.
(c) The Food and Drug Administration.
(d) The University of Chicago.

2. In what political structure does the government set the price and decide what's on the shelves?
(a) Utopianism.
(b) Capitalism.
(c) Marxism.
(d) Communism.

3. 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) Utility costs.
(b) Interest payments.
(c) Environmental degradation.
(d) Quality of life.

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

5. Michael Jensen refers to company stock options as what in Chapter 2?
(a) "Wall Streets marijuana."
(b) "Cocaine for businessmen."
(c) "A trough of money."
(d) "Managerial heroin."

Short Answer Questions

1. What is a component of the financial markets for assets involved in short-term borrowing and lending with original maturities of one year or shorter time frames?

2. What does OPEC stand for?

3. OPEC has maintained its headquarters where since 1965?

4. According to the author, the Hope Scholarships were a plan wherein students could borrow money for college and pay back their loans after they graduated using what?

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

(see the answer key)

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