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

Multiple Choice Questions

1. OPEC is an intergovernmental organization of how many oil-producing countries?
(a) 8.
(b) 5.
(c) 12.
(d) 23.

2. Ross Perot ran for President of the United States in what year?
(a) 1988.
(b) 2000.
(c) 1992.
(d) 2002.

3. What does OPEC stand for?
(a) Organization of Petroleum Exporting Countries.
(b) Original Plan Excluding Copyright.
(c) Oval Palace Executive Class.
(d) Oil and Petroleum Exclusion Clause.

4. When did the Cuban Revolution begin?
(a) 1972.
(b) 1953.
(c) 1965.
(d) 1934.

5. According to the author in Chapter 2, the average annual income is what in the location where black rhinoceros horns are worth much on the black market?
(a) $8,700.
(b) $6,000.
(c) $2,500.
(d) $1,000.

Short Answer Questions

1. In Chapter 2, the author discusses how the black rhinoceros is nearly extinct and that the horns are considered what?

2. Michael Jensen is a professor at what university's business school?

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

4. What does CEO stand for?

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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