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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. In what political structure does the government set the price and decide what's on the shelves?
(a) Capitalism.
(b) Utopianism.
(c) Communism.
(d) Marxism.

2. What country withdrew from OPEC in 2008 after it became a net importer of oil?
(a) The United States.
(b) Egypt.
(c) Indonesia.
(d) Mexico.

3. The United Nations Monetary and Financial Conference was a gathering of delegates from how many nations?
(a) 38.
(b) 31.
(c) 44.
(d) 25.

4. What is an economic model of price determination in a market that concludes that in a competitive market, the unit price for a particular good will vary until it settles at a point where the quantity demanded by consumers will equal the quantity supplied by producers?
(a) Adverse selection.
(b) Floating exchange rate.
(c) Supply and demand.
(d) Money market.

5. 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) The Juche Idea.
(b) Protectionism.
(c) Capitalism.
(d) Exchange rate.

Short Answer Questions

1. What is a professionally managed type of collective investment scheme that pools money from many investors to buy stocks, bonds, short-term money market instruments, and/or other securities?

2. In what year did Douglas Ivester tell his sales team to pass free Coca-Cola around as the Berlin Wall toppled?

3. In 1900, the average wage was how much per hour according to the author in Chapter 9?

4. What is a financial term denoting a collection of investments held by an investment company, hedge fund, financial institution or individual?

5. What is the financial system consisting of institutions and regulators that act on the international level, as opposed to those that act on a national or regional level?

(see the answer key)

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