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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. Human capital is extremely important in economics because it is also tied together with what?
(a) Productivity.
(b) Collateral.
(c) Inflation.
(d) Security.

2. When was the Federal Reserve Act enacted?
(a) 1892.
(b) 1913.
(c) 1812.
(d) 1776.

3. When was Gary Becker born?
(a) 1922.
(b) 1956.
(c) 1930.
(d) 1945.

4. When did the Cuban Revolution end?
(a) 1959.
(b) 1979.
(c) 1984.
(d) 1996.

5. Mark Miringhoff is a social science professor at what institution?
(a) The University of Alaska.
(b) Fordham University.
(c) The University of Chicago.
(d) Harvard University.

Short Answer Questions

1. 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 second?

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

3. OPEC is an intergovernmental organization of how many oil-producing countries?

4. What does HDI stand for?

5. What is the appropriation of government spending for localized projects secured solely or primarily to bring money to a representative's district?

(see the answer key)

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