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

Multiple Choice Questions

1. In economics, what is a good that is non-rival and non-excludable?
(a) A corporate good.
(b) A government good.
(c) A private good.
(d) A public good.

2. What rhetorical question do economists ask, according to the author in Chapter 1?
(a) "Who smells Detroit?"
(b) "Who feeds Paris?"
(c) "Who hears New York?"
(d) "Who sees London?"

3. What refers to a market where prices are determined by supply and demand?
(a) Random market.
(b) Controlled market.
(c) Influx market.
(d) Free market.

4. In Chapter 2, the author discusses how the black rhinoceros is nearly extinct and that the horns are considered what?
(a) An aphrodesiac.
(b) An alkaloid.
(c) An evil potion.
(d) A poison.

5. What is a form of tourism involving visiting fragile, pristine, and usually protected areas, intended as a low impact and often small scale alternative to standard commercial tourism?
(a) Ecotourism.
(b) Hippytourism.
(c) Geotourism.
(d) Nativetourism.

Short Answer Questions

1. What does CEO stand for?

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

3. The Lehman Brothers bank problem in 2008 occurred because the banks weren't what, according to the author?

4. What refers to the increasingly global relationships of culture, people and economic activity?

5. Douglas Ivester's goal was achieving what when he told his sales team to pass free Coca-Cola around as the Berlin Wall toppled?

(see the answer key)

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