View a FREE sample

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

Multiple Choice Questions

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

2. What is a mathematical equation for an unknown function of one or several variables that relates the values of the function itself and its derivatives of various orders?
(a) Deductive equation.
(b) Differential equation.
(c) Derivative equation.
(d) Depression equation.

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

4. Douglas Ivester was appointed as Chairman and Chief Executive Officer of Coca-Cola Company after whose death?
(a) Mark Miringhoff.
(b) Roberto Goizueta.
(c) George Stigler.
(d) Ronald Coase.

5. According to the author in Chapter 9, to ensure accuracy, the real GDP is a figure that has been adjusted to account for what?
(a) Collateral.
(b) Deflation.
(c) Inflation.
(d) Interest.

Short Answer Questions

1. In many countries, the negative effects of the Great Depression lasted until the start of what?

2. In order to get a true understanding of an economy, there are nine factors one should consider along with the GDP according to the author in Chapter 9. What is the fourth?

3. What refers to the stock of competencies, knowledge and personality attributes embodied in the ability to perform labor so as to produce economic value?

4. In order to get a true understanding of an economy, there are nine factors one should consider along with the GDP according to the author in Chapter 9. What is the first?

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 284 words (approx. 1 page at 300 words per page) View a FREE sample