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

Multiple Choice Questions

1. According to the author in Chapter 1, companies want to profit, and consumers want what?
(a) Education.
(b) Results.
(c) Satisfaction.
(d) Safety.

2. 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) Necklaces.
(c) Funnels.
(d) Paperweights.

3. What is a financial term denoting a collection of investments held by an investment company, hedge fund, financial institution or individual?
(a) Portfolio.
(b) Collateral.
(c) Legislation.
(d) Security.

4. When did the Cuban Revolution end?
(a) 1979.
(b) 1959.
(c) 1984.
(d) 1996.

5. The benefit of the HDI in comparison to the GDP is that the GDP does not measure what, according to the author in Chapter 9?
(a) Inflation.
(b) Political unrest.
(c) Happiness.
(d) Productivity.

Short Answer Questions

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

2. Gary Becker figured that the stock of skills, education, training and an individual's health constitutes about what percent of a modern economy's wealth?

3. What refers to law which has been enacted by a legislature or other governing body, or the process of making it?

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

5. What refers to economy-wide fluctuations in production or economic activity over several months or years?

(see the answer key)

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