View a FREE sample

This quiz consists of 5 multiple choice and 5 short answer questions through For Chapters 8-10.

Multiple Choice Questions

1. According to the author in Chapter 9, to ensure accuracy, the real GDP is a figure that has been adjusted to account for what?
(a) Deflation.
(b) Inflation.
(c) Collateral.
(d) Interest.

2. According to the author in Chapter 3, it's up to whom to consider the broad social consequences of decisions In a market economy?
(a) The government.
(b) Corporations.
(c) Religious institutions.
(d) Nonprofit organizations.

3. What publication commented on the French president's desire to come up with a way to measure human happiness, saying that it's like asking experts to put a number on spiritual matters?
(a) The Economic Times.
(b) Investors Business Daily.
(c) The Economist.
(d) The Wall Street Journal.

4. In 1900, the average wage was how much per hour according to the author in Chapter 9?
(a) 23.7 cents.
(b) 54.2 cents.
(c) 32.8 cents.
(d) 14.8 cents.

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

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. What does OPEC stand for?

3. Where did politicians try to deal with the level of pollution by limiting driving based on license plate numbers, according to the author in Chapter 2?

4. What is a fee paid by a borrower of assets to the owner as a form of compensation for the use of the assets?

5. Arab members of OPEC alarmed the developed world when they used the "oil weapon" during what war by implementing oil embargoes?

(see the answer key)

This section contains 269 words (approx. 1 page at 300 words per page) View a FREE sample