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

Multiple Choice Questions

1. Burton G. Malkiel is an American economist, most famous for what classic finance book?
(a) A Random Walk Down Wall Street.
(b) Extreme Money: Masters of the Universe and the Cult of Risk.
(c) The Wall Street MBA: Your Personal Crash Course in Corporate Finance.
(d) The Millionaire Next Door: The Surprising Secrets of America's Wealthy.

2. What is a situation that involves losing one quality or aspect of something in return for gaining another quality or aspect?
(a) Trade-off.
(b) Legislation.
(c) Adverse selection.
(d) Per capita.

3. The horns of the black rhinoceros are used to make what for the Yemenese people, according to the author in Chapter 2?
(a) Paperweights.
(b) Funnels.
(c) Necklaces.
(d) Daggers.

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

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

Short Answer Questions

1. What, according to the author, motivates talented teachers to leave to go onto other professions?

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

3. What country withdrew from OPEC in 2008 after it became a net importer of oil?

4. When was Burton G. Malkiel born?

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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