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

Multiple Choice Questions

1. The horns of the black rhinoceros are used to make what for the Yemenese people, according to the author in Chapter 2?
(a) Daggers.
(b) Paperweights.
(c) Funnels.
(d) Necklaces.

2. Gary Becker is a professor of economics, sociology at what institution?
(a) Fordham University.
(b) Harvard University.
(c) The University of Chicago.
(d) The University of Montana.

3. 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) Asset allocation.
(b) Futures contract.
(c) Adverse selection.
(d) Money market.

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 Gaza War.
(d) The Yom Kippur War.

5. According to the author, financial markets boil down to four basic simple needs. What is the first discussed in Chapter 7?
(a) Raising capital.
(b) Storing, protecting and making profitable use of excess capital.
(c) Insuring against risk.
(d) Speculation.

Short Answer Questions

1. Gary Becker was awarded the Nobel Memorial Prize in Economic Sciences in what year?

2. What refers to a market where prices are determined by supply and demand?

3. The Lehman Brothers bank problem in 2008 occurred because the banks weren't what, according to the author?

4. According to the author in Chapter 7, the basic set of rules and investor should follow is to do what?

5. In what year did Douglas Ivester tell his sales team to pass free Coca-Cola around as the Berlin Wall toppled?

(see the answer key)

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