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

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

Multiple Choice Questions

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

2. What refers to a market where prices are determined by supply and demand?
(a) Influx market.
(b) Controlled market.
(c) Random market.
(d) Free market.

3. According to the author in Chapter 3, it's up to whom to consider the broad social consequences of decisions In a market economy?
(a) The government.
(b) Corporations.
(c) Religious institutions.
(d) Nonprofit organizations.

4. 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) Security.
(c) Recession.
(d) Predictability.

5. In what political structure does the government set the price and decide what's on the shelves?
(a) Communism.
(b) Utopianism.
(c) Capitalism.
(d) Marxism.

Short Answer Questions

1. Burton G. Malkiel is an American economist, most famous for what classic finance book?

2. 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?

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

4. The Lehman Brothers bank problem in 2008 occurred because the banks weren't what, according to the author?

5. Douglas Ivester was appointed as Chairman and Chief Executive Officer of Coca-Cola Company after whose death?

(see the answer key)

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