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This quiz consists of 5 multiple choice and 5 short answer questions through Forward - Chapter 3.

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) Maintained.
(b) Prohibitive.
(c) Lowered.
(d) Raised.

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

3. In economics, what is a good that is non-rival and non-excludable?
(a) A private good.
(b) A corporate good.
(c) A government good.
(d) A public good.

4. What refers to the increasingly global relationships of culture, people and economic activity?
(a) Slavery.
(b) Consolidation.
(c) Globalization.
(d) Monopoly.

5. Burton G. Malkiel is an American economist, most famous for what classic finance book?
(a) The Millionaire Next Door: The Surprising Secrets of America's Wealthy.
(b) A Random Walk Down Wall Street.
(c) Extreme Money: Masters of the Universe and the Cult of Risk.
(d) The Wall Street MBA: Your Personal Crash Course in Corporate Finance.

Short Answer Questions

1. OPEC is an intergovernmental organization of how many oil-producing countries?

2. According to the author in Chapter 1, companies want to profit, and consumers want what?

3. Douglas Ivester's goal was achieving what when he told his sales team to pass free Coca-Cola around as the Berlin Wall toppled?

4. According to the author in Chapter 2, the average annual income is what in the location where black rhinoceros horns are worth much on the black market?

5. What is a mathematical equation for an unknown function of one or several variables that relates the values of the function itself and its derivatives of various orders?

(see the answer key)

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