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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. 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) 70,000.
(b) 50,000.
(c) 35,000.
(d) 100,000.

2. 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) Collateral.
(b) Interest.
(c) Deflation.
(d) Inflation.

3. Gary Becker was awarded the Nobel Memorial Prize in Economic Sciences in what year?
(a) 1992.
(b) 1997.
(c) 2003.
(d) 1988.

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?
(a) Deductible.
(b) Subsidy.
(c) Interest.
(d) Derivative.

5. What does CEO stand for?
(a) Civil Engineer's Office.
(b) Continental Energy Options.
(c) Cheap Everpresent Oil.
(d) Chief Executive Officer.

Short Answer Questions

1. In France, what president wanted to come up with a way to measure human happiness, as described in Chapter 9?

2. According to the author, financial markets boil down to four basic simple needs. What is the second discussed in Chapter 7?

3. What is generally a fungible, negotiable financial instrument representing financial value?

4. 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 seventh?

5. What is a professionally managed type of collective investment scheme that pools money from many investors to buy stocks, bonds, short-term money market instruments, and/or other securities?

(see the answer key)

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