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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. With uniform rules and regulations, the cost of doing business in the private sector is what, according to the author in Chapter 3?
(a) Lowered.
(b) Raised.
(c) Maintained.
(d) Prohibitive.

2. Who led the Cuban Revolution?
(a) Fidel Castro.
(b) Roberto Goizueta.
(c) Fulgencio Batista.
(d) Nicholas Sarkozy.

3. In the Epilogue, the author discusses seven issues used to understand and improve the world. What is the first?
(a) Productivity.
(b) The market.
(c) The divide between the rich and the poor.
(d) Maximizing utility.

4. The author writes that trade helps the economy by doing what, in Chapter 12?
(a) Lowering the cost of goods for consumers.
(b) Making goods more abundant.
(c) Encouraging sales and special offers.
(d) Increasing the quality of goods.

5. According to the author in Chapter 7, the basic set of rules and investor should follow is to do what?
(a) Research, invest, watch.
(b) Invest, watch, sell.
(c) Research, fact check, invest.
(d) Save, invest, and repeat.

Short Answer Questions

1. What is the capital of the Democratic People's Republic of Korea?

2. According to the author, there are two lessons to be learned from a monopoly situation. What is the second?

3. What is an investment strategy that attempts to balance risk versus reward by adjusting the percentage of each asset in an investment portfolio according to the investors risk tolerance, goals and investment time frame?

4. In finance, what between two currencies is the rate at which one currency will be exchanged for another?

5. What is the third simple need of financial markets, as discussed in Chapter 7?

(see the answer key)

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