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This quiz consists of 5 multiple choice and 5 short answer questions through Chapters 4-7.

Multiple Choice Questions

1. According to the author in Chapter 7, the basic set of rules and investor should follow is to do what?
(a) Save, invest, and repeat.
(b) Research, fact check, invest.
(c) Research, invest, watch.
(d) Invest, watch, sell.

2. According to Burton G. Malkiel in the Forward, economists often don't show a connection to what?
(a) Statistics.
(b) Mathematics.
(c) Everyday life.
(d) Wall Street.

3. In economics and sociology, what refers to any factor that enables or motivates a particular course of action or counts as a reason for preferring one choice to the alternatives?
(a) Punishment.
(b) Belief.
(c) Incentive.
(d) Barrier.

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

5. What is an investment position intended to offset potential losses that may be incurred by a companion investment?
(a) Deductible.
(b) Bond.
(c) Hedge.
(d) Futures contract.

Short Answer Questions

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

2. When was Douglas Ivester born?

3. When did Ross Perot found Electronic Data Systems?

4. What is the capital of the Democratic People's Republic of Korea?

5. What is the capital of the Republic of Cuba?

(see the answer key)

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