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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 does HDI stand for?
(a) Habitat Degradation Index.
(b) Hereditary Disease Index.
(c) Human Development Index.
(d) Hunger Depletion Index.

2. What is the third simple need of financial markets, as discussed in Chapter 7?
(a) Speculation.
(b) Raising capital.
(c) Insuring against risk.
(d) Storing, protecting and making profitable use of excess capital.

3. 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 first?
(a) Unemployment.
(b) Total national happiness.
(c) Poverty.
(d) National savings.

4. What refers to the stock of competencies, knowledge and personality attributes embodied in the ability to perform labor so as to produce economic value?
(a) Index fund.
(b) Futures contract.
(c) Differential equation.
(d) Human capital.

5. In economics, what is a good that is non-rival and non-excludable?
(a) A public good.
(b) A private good.
(c) A corporate good.
(d) A government good.

Short Answer Questions

1. Douglas Ivester's goal was achieving what when he told his sales team to pass free Coca-Cola around as the Berlin Wall toppled?

2. What is a situation that involves losing one quality or aspect of something in return for gaining another quality or aspect?

3. Economists ignored signs of problems in what year because they didn't want to face what might happen in the future, according to the author in the Introduction?

4. When did Ross Perot found Electronic Data Systems?

5. What does ERM stand for?

(see the answer key)

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