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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 does IMF stand for?
(a) International Monetary Fund.
(b) Insecure Management Fund.
(c) Insightful Money Framework.
(d) Internal Military Fund.

2. What does OPEC stand for?
(a) Oil and Petroleum Exclusion Clause.
(b) Organization of Petroleum Exporting Countries.
(c) Original Plan Excluding Copyright.
(d) Oval Palace Executive Class.

3. What is the process of contracting a business function to someone else?
(a) Investing.
(b) Motivation.
(c) Outsourcing.
(d) Managing.

4. What is the economic policy of restraining trade between states through methods such as tariffs on imported goods, restrictive quotas, and a variety of other government regulations designed to allow "fair competition" between imports and goods and services produced domestically?
(a) Capitalism.
(b) Protectionism.
(c) The Juche Idea.
(d) Exchange rate.

5. What is generally a fungible, negotiable financial instrument representing financial value?
(a) Option.
(b) Portfolio.
(c) Security.
(d) Index fund.

Short Answer Questions

1. What is a situation that involves losing one quality or aspect of something in return for gaining another quality or aspect?

2. According to the author in Chapter 9, to ensure accuracy, the real GDP is a figure that has been adjusted to account for what?

3. What does GDP stand for?

4. When was the Hope credit established?

5. 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?

(see the answer key)

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