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This quiz consists of 5 multiple choice and 5 short answer questions through For Chapters 11-Epilogue.

Multiple Choice Questions

1. What term was first used in the early 1990s to denote an organization's reputation as an employer?
(a) Futures contract.
(b) The Juche Idea.
(c) Employer branding.
(d) Trade-off.

2. What is a mathematical equation for an unknown function of one or several variables that relates the values of the function itself and its derivatives of various orders?
(a) Depression equation.
(b) Deductive equation.
(c) Derivative equation.
(d) Differential equation.

3. What contends that prices of publicly traded assets reflect all publicly available information?
(a) The efficient market hypothesis.
(b) Supply and demand.
(c) The uniform pay scale.
(d) Adverse selection.

4. 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) Budget deficit/surplus.
(b) Income inequality.
(c) Poverty.
(d) Demographics.

5. When did the Korean War end?
(a) 1966.
(b) 1953.
(c) 1962.
(d) 1970.

Short Answer Questions

1. According to the author, the Hope Scholarships were a plan wherein students could borrow money for college and pay back their loans after they graduated using what?

2. In Chapter 12, the author states that statistics clearly show that the world is growing more economically what?

3. In Chapter 13, the author states that according to the United Nations Food and Agriculture Organization, over how many people in this world don't get enough to eat?

4. 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?

5. When was Burton G. Malkiel born?

(see the answer key)

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