Naked Economics: Undressing the Dismal Science Quiz | One Week Quiz A

Charles Wheelan
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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. What is a contract between two parties that specifies conditions under which payments, or payoffs, are to be made between the parties?
(a) Futures contract.
(b) Legislation.
(c) Exchange rate.
(d) Derivative.

2. In Chapter 6, the author discusses poverty and income equality, using the example of what billionaire?
(a) Fidel Castro.
(b) Donald Trump.
(c) Ted Turner.
(d) Bill Gates.

3. What term was first used in the early 1990s to denote an organization's reputation as an employer?
(a) Futures contract.
(b) Trade-off.
(c) Employer branding.
(d) The Juche Idea.

4. India has a very low GDP per capita, and it also has over how many cases of leprosy according to the author in Chapter 9?
(a) 70,000.
(b) 35,000.
(c) 50,000.
(d) 100,000.

5. In what year did Douglas Ivester tell his sales team to pass free Coca-Cola around as the Berlin Wall toppled?
(a) 1989.
(b) 1977.
(c) 1982.
(d) 1969.

Short Answer Questions

1. Mark Miringhoff believes the nation should have what, as described in Chapter 9?

2. 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 third?

3. Cuba remained a territory of Spain until the Spanish-American War ended in what year?

4. What is a professionally managed type of collective investment scheme that pools money from many investors to buy stocks, bonds, short-term money market instruments, and/or other securities?

5. What is an economic model of price determination in a market that concludes that in a competitive market, the unit price for a particular good will vary until it settles at a point where the quantity demanded by consumers will equal the quantity supplied by producers?

(see the answer key)

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