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This quiz consists of 5 multiple choice and 5 short answer questions through Forward - Chapter 3.

Multiple Choice Questions

1. Arab members of OPEC alarmed the developed world when they used the "oil weapon" during what war by implementing oil embargoes?
(a) The Yom Kippur War.
(b) The Torah War.
(c) The Jerusalem War.
(d) The Gaza War.

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

3. According to the principles of a market economy, if it's raining, it's time to sell what?
(a) Boats.
(b) Loans.
(c) Umbrellas.
(d) Houses.

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

5. OPEC has maintained its headquarters where since 1965?
(a) Havana.
(b) Vienna.
(c) Sydney.
(d) Toronto.

Short Answer Questions

1. Douglas Ivester was appointed as Chairman and Chief Executive Officer of Coca-Cola Company after whose death?

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

3. The horns of the black rhinoceros are used to make what for the Yemenese people, according to the author in Chapter 2?

4. 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?

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

(see the answer key)

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