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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. Douglas Ivester's goal was achieving what when he told his sales team to pass free Coca-Cola around as the Berlin Wall toppled?
(a) Freedom for the German people.
(b) Reinstitution of Communism.
(c) World domination.
(d) Brand recognition.

2. India has a very low GDP per capita, and it also has over how many cases of leprosy according to the author in Chapter 9?
(a) 100,000.
(b) 35,000.
(c) 50,000.
(d) 70,000.

3. According to the author in Chapter 7, the basic set of rules and investor should follow is to do what?
(a) Invest, watch, sell.
(b) Save, invest, and repeat.
(c) Research, invest, watch.
(d) Research, fact check, invest.

4. What is the sixth factor one should consider along with the GDP according to the author in Chapter 9?
(a) Income inequality.
(b) Total national happiness.
(c) National savings.
(d) Current account surplus/deficit.

5. What is an economic model of price determination in a market that concludes that in a competitive market, the unit price for a particular good will vary until it settles at a point where the quantity demanded by consumers will equal the quantity supplied by producers?
(a) Floating exchange rate.
(b) Adverse selection.
(c) Money market.
(d) Supply and demand.

Short Answer Questions

1. Who introduced the Hope credit?

2. Gary Becker figured that the stock of skills, education, training and an individual's health constitutes about what percent of a modern economy's wealth?

3. What describes the extent to which time or effort is well used for the intended task or purpose?

4. Gary Becker was awarded the Nobel Memorial Prize in Economic Sciences in what year?

5. In what year did the French government try to address its unemployment rates with what the author calls the economic equivalent of fool's gold?

(see the answer key)

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