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

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 third?
(a) Income inequality.
(b) Current account surplus/deficit.
(c) National savings.
(d) Unemployment.

3. What does HDI stand for?
(a) Hereditary Disease Index.
(b) Human Development Index.
(c) Habitat Degradation Index.
(d) Hunger Depletion Index.

4. What, as defined by the International Labour Organization, occurs when people are without jobs and they have actively sought work within the past four weeks?
(a) Retirement.
(b) Overemployment.
(c) Unemployment.
(d) Underemployment.

5. What does OPEC stand for?
(a) Oval Palace Executive Class.
(b) Oil and Petroleum Exclusion Clause.
(c) Organization of Petroleum Exporting Countries.
(d) Original Plan Excluding Copyright.

Short Answer Questions

1. In finance, what is a standardized contract between two parties to exchange a specified asset of standardized quantity and quality for a price agreed today with delivery occurring at a specified future delivery date?

2. What contends that prices of publicly traded assets reflect all publicly available information?

3. 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 seventh?

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

5. In Chapter 9, the author discusses how fifteen years ago what nation was on top of the world economically?

(see the answer key)

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