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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. In order to get a true understanding of an economy, there are nine factors one should consider along with the GDP according to the author in Chapter 9. What is the fifth?
(a) Poverty.
(b) Budget deficit/surplus.
(c) Demographics.
(d) Income inequality.

2. What is a contract between two parties that specifies conditions under which payments, or payoffs, are to be made between the parties?
(a) Futures contract.
(b) Exchange rate.
(c) Legislation.
(d) Derivative.

3. Who led the Cuban Revolution?
(a) Fidel Castro.
(b) Nicholas Sarkozy.
(c) Roberto Goizueta.
(d) Fulgencio Batista.

4. What does GDP stand for?
(a) Gross Domestic Product.
(b) Gems and Diamonds Per capita.
(c) Geographic Diversity Plot.
(d) Gain and Drain Portfolio.

5. When was Gary Becker born?
(a) 1922.
(b) 1956.
(c) 1945.
(d) 1930.

Short Answer Questions

1. What represents the original capital paid into or invested in the business by its founders?

2. What contends that prices of publicly traded assets reflect all publicly available information?

3. The Chinese GDP has grown substantially over the past decade, yet its success is correlated to what, according to the author in Chapter 9?

4. In many countries, the negative effects of the Great Depression lasted until the start of what?

5. The horns of the black rhinoceros are used to make what for the Yemenese people, according to the author in Chapter 2?

(see the answer key)

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