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

Multiple Choice Questions

1. 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?
(a) 1997.
(b) 1993.
(c) 1988.
(d) 2000.

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

3. 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) Invest, watch, sell.
(c) Research, invest, watch.
(d) Research, fact check, invest.

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

5. What is the financial system consisting of institutions and regulators that act on the international level, as opposed to those that act on a national or regional level?
(a) Common financial system.
(b) Global financial system.
(c) Integral financial system.
(d) Universal financial system.

Short Answer Questions

1. Michael Jensen refers to company stock options as what in Chapter 2?

2. What term was first used in the early 1990s to denote an organization's reputation as an employer?

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

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

5. What does the author refer to as a situation where individuals work in their own best interest, leading to an improved standard of living for society in general?

(see the answer key)

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