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

Multiple Choice Questions

1. Behavioral economics intertwine economics and what?
(a) Geometry.
(b) Psychology.
(c) Religion.
(d) Geography.

2. In finance, what is a standardized contract between two parties to exchange a specified asset of standardized quantity and quality for a price agreed today with delivery occurring at a specified future delivery date?
(a) Asset allocation.
(b) Supply and demand.
(c) Business cycle.
(d) Futures contract.

3. What contends that prices of publicly traded assets reflect all publicly available information?
(a) Adverse selection.
(b) The efficient market hypothesis.
(c) Supply and demand.
(d) The uniform pay scale.

4. What is the financial system consisting of institutions and regulators that act on the international level, as opposed to those that act on a national or regional level?
(a) Global financial system.
(b) Integral financial system.
(c) Universal financial system.
(d) Common financial system.

5. According to the author, there are two lessons to be learned from a monopoly situation. What is the first?
(a) Government shouldn't actually do the work of maintaining infrastructure.
(b) Government shouldn't provide any service that could be covered by the private sector.
(c) Governments should maintain the financial infrastructure more.
(d) Governments should provide more services.

Short Answer Questions

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

2. What rhetorical question do economists ask, according to the author in Chapter 1?

3. What is a mathematical equation for an unknown function of one or several variables that relates the values of the function itself and its derivatives of various orders?

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

5. OPEC has maintained its headquarters where since 1965?

(see the answer key)

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