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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. According to the author in Chapter 1, companies want to profit, and consumers want what?
(a) Education.
(b) Results.
(c) Satisfaction.
(d) Safety.

2. In many countries, the negative effects of the Great Depression lasted until the start of what?
(a) World War I.
(b) World War II.
(c) The Korean War.
(d) Vietnam.

3. 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) 1988.
(b) 1997.
(c) 1993.
(d) 2000.

4. What, in economics, refers to a globally traded currency that is expected to serve as a reliable and stable store of value?
(a) Hard currency.
(b) Soft currency.
(c) Light currency.
(d) Dark currency.

5. Arab members of OPEC alarmed the developed world when they used the "oil weapon" during what war by implementing oil embargoes?
(a) The Jerusalem War.
(b) The Torah War.
(c) The Gaza War.
(d) The Yom Kippur War.

Short Answer Questions

1. Charles Wheelan graduated from what educational institution?

2. The United Nations Monetary and Financial Conference was commonly known as what?

3. According to the principles of a market economy, if it's raining, it's time to sell what?

4. What is the financial system consisting of institutions and regulators that act on the international level, as opposed to those that act on a national or regional level?

5. When did the Korean War begin?

(see the answer key)

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