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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 term refers to currency with no international value?
(a) Vouchers.
(b) Fast cash.
(c) Monopoly money.
(d) Funny money.

2. What is the capital of the Republic of Cuba?
(a) Kingston.
(b) Miami.
(c) Tijuana.
(d) Havana.

3. Charles Wheelan was an unsuccessful Democratic candidate in the special election for Illinois's 5th congressional district, the seat vacated by whom?
(a) Bill Clinton.
(b) Barack Obama.
(c) Abraham Lincoln.
(d) Rahm Emanuel.

4. The GDP does not consider economic activity that is what, according to the author in Chapter 9?
(a) Interdependent.
(b) Unpaid.
(c) Deductible.
(d) Subsidized.

5. 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 eighth?
(a) Income inequality.
(b) Demographics.
(c) Unemployment.
(d) Poverty.

Short Answer Questions

1. What does IMF stand for?

2. According to the author in Chapter 7, the basic set of rules and investor should follow is to do what?

3. What is the process of contracting a business function to someone else?

4. What is any physical or intangible entity that is owned by a person or jointly by a group of people or a legal entity like a corporation?

5. What does GDP stand for?

(see the answer key)

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