View a FREE sample

This quiz consists of 5 multiple choice and 5 short answer questions through For Chapters 8-10.

Multiple Choice Questions

1. In the year 2000, a pair of stockings on average would cost how much, according to the author in Chapter 9?
(a) $7.
(b) $2.
(c) $4.
(d) $11.

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

3. In finance, what is a derivative financial instrument that specifies a contract between two parties for a future transaction on an asset at a reference price?
(a) Trade-off.
(b) Portfolio.
(c) Option.
(d) Bond.

4. What is an economic model of price determination in a market that concludes that in a competitive market, the unit price for a particular good will vary until it settles at a point where the quantity demanded by consumers will equal the quantity supplied by producers?
(a) Floating exchange rate.
(b) Supply and demand.
(c) Money market.
(d) Adverse selection.

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

Short Answer Questions

1. What is a Latin prepositional phrase meaning "by heads"?

2. What are negative results which occur while trying to achieve a goal for the common good?

3. Of the top 25 polluted cities in the world, how many are in China according to the author?

4. Douglas Ivester's goal was achieving what when he told his sales team to pass free Coca-Cola around as the Berlin Wall toppled?

5. What is a term used in economics that refers to a market process in which "bad" results occur when buyers and sellers have asymmetric information?

(see the answer key)

This section contains 283 words (approx. 1 page at 300 words per page) View a FREE sample