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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. Burton G. Malkiel is an American economist, most famous for what classic finance book?
(a) A Random Walk Down Wall Street.
(b) The Millionaire Next Door: The Surprising Secrets of America's Wealthy.
(c) Extreme Money: Masters of the Universe and the Cult of Risk.
(d) The Wall Street MBA: Your Personal Crash Course in Corporate Finance.

2. When was Douglas Ivester born?
(a) 1939.
(b) 1922.
(c) 1947.
(d) 1958.

3. With uniform rules and regulations, the cost of doing business in the private sector is what, according to the author in Chapter 3?
(a) Prohibitive.
(b) Raised.
(c) Maintained.
(d) Lowered.

4. Michael Jensen is a professor at what university's business school?
(a) Harvard University.
(b) Fordham University.
(c) Yale University.
(d) The University of Chicago.

5. What refers to the increasingly global relationships of culture, people and economic activity?
(a) Slavery.
(b) Globalization.
(c) Monopoly.
(d) Consolidation.

Short Answer Questions

1. What does the author refer to as a situation where individuals work in their own best interest, leading to an improved standard of living for society in general?

2. 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 eighth?

3. North Korea is a single-party state under a united front led by what party?

4. When did the Cuban Revolution end?

5. OPEC has maintained its headquarters where since 1965?

(see the answer key)

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