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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. According to the principles of a market economy, if it's raining, it's time to sell what?
(a) Loans.
(b) Boats.
(c) Umbrellas.
(d) Houses.

2. In 1900, a pair of stockings would cost how much money according to the author in Chapter 9?
(a) $0.75.
(b) $0.60.
(c) $0.25.
(d) $0.50.

3. What is an assistance paid to a business or economic sector?
(a) Subsidy.
(b) Derivative.
(c) Interest.
(d) Collateral.

4. A market economy delegates resources to an area where they are what, according to the author in Chapter 1?
(a) Least wealthy.
(b) Most productive.
(c) Most wealthy.
(d) Least productive.

5. In France, what president wanted to come up with a way to measure human happiness, as described in Chapter 9?
(a) Jacques Chirac.
(b) François Mitterrand.
(c) Nicholas Sarkozy.
(d) Charles de Gaulle.

Short Answer Questions

1. In the year 2000, a pair of stockings on average would cost how much, according to the author in Chapter 9?

2. When was the Hope credit established?

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

4. What country withdrew from OPEC in 2008 after it became a net importer of oil?

5. According to the author, insurance companies want to save money while doctors want to help patients and avoid what?

(see the answer key)

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