1. 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?
(a) Regular debit payments.
(b) Government bonds.
(c) Interest free payments.
(d) A percentage of their annual income.

2. Americans today are how many times as rich as an American in the 1940s according to the author in Chapter 9?
(a) 14.
(b) 10.
(c) 5.
(d) 2.

3. Douglas Ivester's goal was achieving what when he told his sales team to pass free Coca-Cola around as the Berlin Wall toppled?
(a) Reinstitution of Communism.
(b) Brand recognition.
(c) World domination.
(d) Freedom for the German people.

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

5. 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?
(a) National savings.
(b) Income inequality.
(c) Unemployment.
(d) Size of the government.

Short Answer Questions

1. What is an economic model of price determination in a market that concludes that in a competitive market, the unit price for a particular good will vary until it settles at a point where the quantity demanded by consumers will equal the quantity supplied by producers?

2. When did the Cuban Revolution begin?

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

4. When was the Federal Reserve Act enacted?

5. When was Burton G. Malkiel born?

(see the answer key)

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