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. What is the appropriation of government spending for localized projects secured solely or primarily to bring money to a representative's district?
(a) Perverse incentives.
(b) Deductive reasoning.
(c) Public policy.
(d) Pork barrel.

2. What refers to reasoning which constructs or evaluates deductive arguments?
(a) Decisive reasoning.
(b) Constructive reasoning.
(c) Deductive reasoning.
(d) Critical reasoning.

3. What is the sixth factor one should consider along with the GDP according to the author in Chapter 9?
(a) National savings.
(b) Current account surplus/deficit.
(c) Total national happiness.
(d) Income inequality.

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

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

Short Answer Questions

1. In 1900, a pair of stockings would cost how much money according to the author in Chapter 9?

2. According to the author in Chapter 3, it's up to whom to consider the broad social consequences of decisions In a market economy?

3. What is a political thesis of Kim Il-sung which says that the Korean masses are the masters of the country's development?

4. 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?

5. The GDP does not consider economic activity that is what, according to the author in Chapter 9?

(see the answer key)

This section contains 252 words (approx. 1 page at 300 words per page) View a FREE sample