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

Multiple Choice Questions

1. North Korea is a single-party state under a united front led by what party?
(a) The Korean Entitlement Party.
(b) The Democratic Party.
(c) The Korean Workers' Party.
(d) The Communist Party.

2. What is an investment strategy that attempts to balance risk versus reward by adjusting the percentage of each asset in an investment portfolio according to the investors risk tolerance, goals and investment time frame?
(a) Futures contract.
(b) Adverse selection.
(c) Asset allocation.
(d) Money market.

3. What does CEO stand for?
(a) Civil Engineer's Office.
(b) Cheap Everpresent Oil.
(c) Chief Executive Officer.
(d) Continental Energy Options.

4. 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) 2000.
(b) 1988.
(c) 1997.
(d) 1993.

5. In an insurance policy, what is the amount of expenses that must be paid out of pocket before an insurer will pay any expenses?
(a) Deductible.
(b) Inflation.
(c) Subsidy.
(d) Collateral.

Short Answer Questions

1. When was Douglas Ivester born?

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

3. What is a contract between two parties that specifies conditions under which payments, or payoffs, are to be made between the parties?

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 rhetorical question do economists ask, according to the author in Chapter 1?

(see the answer key)

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