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This quiz consists of 5 multiple choice and 5 short answer questions through Chapters 4-7.

Multiple Choice Questions

1. OPEC has maintained its headquarters where since 1965?
(a) Vienna.
(b) Sydney.
(c) Toronto.
(d) Havana.

2. Gary Becker figured that the stock of skills, education, training and an individual's health constitutes about what percent of a modern economy's wealth?
(a) 75.
(b) 42.
(c) 35.
(d) 60.

3. Behavioral economics intertwine economics and what?
(a) Psychology.
(b) Geometry.
(c) Religion.
(d) Geography.

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

5. 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.

Short Answer Questions

1. Arab members of OPEC alarmed the developed world when they used the "oil weapon" during what war by implementing oil embargoes?

2. Michael Jensen is a professor at what university's business school?

3. The Cuban Revolution deposed what dictator?

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. Michael Jensen refers to company stock options as what in Chapter 2?

(see the answer key)

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