View a FREE sample

This quiz consists of 5 multiple choice and 5 short answer questions through For Chapters 11-Epilogue.

Multiple Choice Questions

1. What is any physical or intangible entity that is owned by a person or jointly by a group of people or a legal entity like a corporation?
(a) Collateral.
(b) Property.
(c) Derivative.
(d) Investment.

2. Incomes rose between 1970 and 1999, yet those who described themselves as as "very happy" decreased from 36% to what?
(a) 14%.
(b) 44%.
(c) 29%.
(d) 62%.

3. In what year did Douglas Ivester tell his sales team to pass free Coca-Cola around as the Berlin Wall toppled?
(a) 1982.
(b) 1969.
(c) 1989.
(d) 1977.

4. In Chapter 13, the author states that according to the United Nations Food and Agriculture Organization, over how many people in this world don't get enough to eat?
(a) 800 million.
(b) 350 million.
(c) 1 billion.
(d) 100 million.

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

Short Answer Questions

1. According to the author in Chapter 2, a horn from a black rhinoceros can fetch what amount on the black market?

2. What is an economic principle that states "Bad money drives out good"?

3. According to the author in Chapter 13, some argue that high temperatures and heavy rainfall yield poor food production and and increase in what, therefore limiting a location's ability to create a thriving economy?

4. A market economy delegates resources to an area where they are what, according to the author in Chapter 1?

5. 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?

(see the answer key)

This section contains 271 words (approx. 1 page at 300 words per page) View a FREE sample