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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. OPEC has maintained its headquarters where since 1965?
(a) Toronto.
(b) Vienna.
(c) Sydney.
(d) Havana.

2. What are negative results which occur while trying to achieve a goal for the common good?
(a) Ghost incentives.
(b) Unknown incentives.
(c) Perverse incentives.
(d) Abstract incentives.

3. According to the author, insurance companies want to save money while doctors want to help patients and avoid what?
(a) Spreading diseases.
(b) Getting sued.
(c) Unnecessary fatalities.
(d) Losing their medical license.

4. When did the Korean War begin?
(a) 1959.
(b) 1948.
(c) 1931.
(d) 1950.

5. Who led the Cuban Revolution?
(a) Roberto Goizueta.
(b) Fulgencio Batista.
(c) Fidel Castro.
(d) Nicholas Sarkozy.

Short Answer Questions

1. According to the author in Chapter 7, the basic set of rules and investor should follow is to do what?

2. 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?

3. Cuba remained a territory of Spain until the Spanish-American War ended in what year?

4. Americans today are how many times as rich as an American in the 1940s according to the author in Chapter 9?

5. In 1900, the average wage was how much per hour according to the author in Chapter 9?

(see the answer key)

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