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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. Gary Becker received the United States Presidential Medal of Freedom in what year?
(a) 2007.
(b) 1995.
(c) 1998.
(d) 2004.

2. According to the author in Chapter 12, studies show that globalizing countries had what percentage higher growth rate than other countries that were less integrated in the world economy?
(a) 50% to 75%.
(b) 15% to 25%.
(c) 10% to 20%.
(d) 30% to 50%.

3. When did President Jefferson suspend the minting of silver coins in the U.S.?
(a) 1796.
(b) 1815.
(c) 1822.
(d) 1806.

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

5. A market economy delegates resources to an area where they are what, according to the author in Chapter 1?
(a) Least wealthy.
(b) Least productive.
(c) Most wealthy.
(d) Most productive.

Short Answer Questions

1. What is a collective investment scheme that aims to replicate the movements of an index of a specific financial market regardless of market conditions?

2. The Cuban Revolution deposed what dictator?

3. What does IMF stand for?

4. Of the top 25 polluted cities in the world, how many are in China according to the author?

5. What are negative results which occur while trying to achieve a goal for the common good?

(see the answer key)

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