View a FREE sample

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

Multiple Choice Questions

1. When did Ross Perot found Electronic Data Systems?
(a) 1962.
(b) 1977.
(c) 1971.
(d) 1955.

2. What refers to the degree to which a correct forecast of a system's state can be made either qualitatively or quantitatively?
(a) Index.
(b) Recession.
(c) Predictability.
(d) Security.

3. What refers to reasoning which constructs or evaluates deductive arguments?
(a) Critical reasoning.
(b) Constructive reasoning.
(c) Deductive reasoning.
(d) Decisive reasoning.

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

5. What is a form of tourism involving visiting fragile, pristine, and usually protected areas, intended as a low impact and often small scale alternative to standard commercial tourism?
(a) Hippytourism.
(b) Nativetourism.
(c) Geotourism.
(d) Ecotourism.

Short Answer Questions

1. What rhetorical question do economists ask, according to the author in Chapter 1?

2. When was Douglas Ivester born?

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?

4. What refers to a market where prices are determined by supply and demand?

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

(see the answer key)

This section contains 208 words (approx. 1 page at 300 words per page) View a FREE sample