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

Multiple Choice Questions

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

2. The Hope Scholarship program was shut down after how many years, according to the author?
(a) 5.
(b) 2.
(c) 9.
(d) 4.

3. Douglas Ivester's goal was achieving what when he told his sales team to pass free Coca-Cola around as the Berlin Wall toppled?
(a) World domination.
(b) Brand recognition.
(c) Freedom for the German people.
(d) Reinstitution of Communism.

4. In what political structure does the government set the price and decide what's on the shelves?
(a) Marxism.
(b) Capitalism.
(c) Communism.
(d) Utopianism.

5. What is a component of the financial markets for assets involved in short-term borrowing and lending with original maturities of one year or shorter time frames?
(a) Index fund.
(b) Money market.
(c) Floating exchange rate.
(d) Mutual fund.

Short Answer Questions

1. What is the fourth simple need of financial markets, as discussed in Chapter 7?

2. Who introduced the Hope credit?

3. What describes the extent to which time or effort is well used for the intended task or purpose?

4. Who led the Cuban Revolution?

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

(see the answer key)

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