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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. What country withdrew from OPEC in 2008 after it became a net importer of oil?
(a) Egypt.
(b) Mexico.
(c) Indonesia.
(d) The United States.

2. 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?
(a) Mutual fund.
(b) Index fund.
(c) Foreign Exchange Market.
(d) Asset allocation.

3. Gary Becker was awarded the Nobel Memorial Prize in Economic Sciences in what year?
(a) 2003.
(b) 1997.
(c) 1992.
(d) 1988.

4. When did the Cuban Revolution begin?
(a) 1972.
(b) 1965.
(c) 1934.
(d) 1953.

5. North Korea is a single-party state under a united front led by what party?
(a) The Korean Workers' Party.
(b) The Communist Party.
(c) The Democratic Party.
(d) The Korean Entitlement Party.

Short Answer Questions

1. According to the author, financial markets boil down to four basic simple needs. What is the first discussed in Chapter 7?

2. According to the author, the Hope Scholarships were a plan wherein students could borrow money for college and pay back their loans after they graduated using what?

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

4. In what year did Douglas Ivester tell his sales team to pass free Coca-Cola around as the Berlin Wall toppled?

5. Who introduced the Hope credit?

(see the answer key)

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