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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. The U.S. Treasury began doing business only in gold or silver coin as part of the Independent Treasury Act of what year?
(a) 1848.
(b) 1875.
(c) 1883.
(d) 1822.

2. When did the Cuban Revolution begin?
(a) 1953.
(b) 1972.
(c) 1965.
(d) 1934.

3. What is the economic policy of restraining trade between states through methods such as tariffs on imported goods, restrictive quotas, and a variety of other government regulations designed to allow "fair competition" between imports and goods and services produced domestically?
(a) Protectionism.
(b) Exchange rate.
(c) Capitalism.
(d) The Juche Idea.

4. In economics and sociology, what refers to any factor that enables or motivates a particular course of action or counts as a reason for preferring one choice to the alternatives?
(a) Belief.
(b) Incentive.
(c) Punishment.
(d) Barrier.

5. Gary Becker is a professor of economics, sociology at what institution?
(a) The University of Chicago.
(b) Fordham University.
(c) Harvard University.
(d) The University of Montana.

Short Answer Questions

1. What, according to the author, motivates talented teachers to leave to go onto other professions?

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

3. What is the capital of the Republic of Cuba?

4. What does HDI stand for?

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

(see the answer key)

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