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This quiz consists of 5 multiple choice and 5 short answer questions through Chapters 4-7.

Multiple Choice Questions

1. What refers to the degree to which a correct forecast of a system's state can be made either qualitatively or quantitatively?
(a) Index.
(b) Recession.
(c) Predictability.
(d) Security.

2. 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?
(a) London.
(b) New York.
(c) Mexico City.
(d) Pyongyang.

3. What, according to the author, motivates talented teachers to leave to go onto other professions?
(a) Legislation.
(b) Capitalism.
(c) The uniform pay scale.
(d) Supply and demand.

4. When did the Cuban Revolution begin?
(a) 1972.
(b) 1953.
(c) 1934.
(d) 1965.

5. Cuba remained a territory of Spain until the Spanish-American War ended in what year?
(a) 1913.
(b) 1898.
(c) 1841.
(d) 1862.

Short Answer Questions

1. In what year did Douglas Ivester tell his sales team to pass free Coca-Cola around as the Berlin Wall toppled?

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

3. What is a situation that involves losing one quality or aspect of something in return for gaining another quality or aspect?

4. According to the author in Chapter 1, companies want to profit, and consumers want what?

5. What is a financial term denoting a collection of investments held by an investment company, hedge fund, financial institution or individual?

(see the answer key)

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