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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 Torah War.
(b) The Yom Kippur War.
(c) The Gaza War.
(d) The Jerusalem War.

2. When was Douglas Ivester born?
(a) 1922.
(b) 1939.
(c) 1947.
(d) 1958.

3. A market economy delegates resources to an area where they are what, according to the author in Chapter 1?
(a) Least productive.
(b) Most wealthy.
(c) Least wealthy.
(d) Most productive.

4. When was Burton G. Malkiel born?
(a) 1918.
(b) 1907.
(c) 1932.
(d) 1925.

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

Short Answer Questions

1. What does CEO stand for?

2. What refers to reasoning which constructs or evaluates deductive arguments?

3. 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?

4. OPEC is an intergovernmental organization of how many oil-producing countries?

5. Economists ignored signs of problems in what year because they didn't want to face what might happen in the future, according to the author in the Introduction?

(see the answer key)

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