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This quiz consists of 5 multiple choice and 5 short answer questions through For Chapters 8-10.

Multiple Choice Questions

1. Cuba remained a territory of Spain until the Spanish-American War ended in what year?
(a) 1841.
(b) 1862.
(c) 1898.
(d) 1913.

2. OPEC is an intergovernmental organization of how many oil-producing countries?
(a) 8.
(b) 12.
(c) 5.
(d) 23.

3. When was the Federal Reserve Act enacted?
(a) 1776.
(b) 1892.
(c) 1913.
(d) 1812.

4. Incomes rose between 1970 and 1999, yet those who described themselves as as "very happy" decreased from 36% to what?
(a) 29%.
(b) 44%.
(c) 14%.
(d) 62%.

5. What is generally a fungible, negotiable financial instrument representing financial value?
(a) Security.
(b) Option.
(c) Portfolio.
(d) Index fund.

Short Answer Questions

1. The horns of the black rhinoceros are used to make what for the Yemenese people, according to the author in Chapter 2?

2. What is a financial term denoting a collection of investments held by an investment company, hedge fund, financial institution or individual?

3. Mark Miringhoff believes the nation should have what, as described in Chapter 9?

4. What is an assistance paid to a business or economic sector?

5. According to the author, there are two lessons to be learned from a monopoly situation. What is the second?

(see the answer key)

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