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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. Gary Becker figured that the stock of skills, education, training and an individual's health constitutes about what percent of a modern economy's wealth?
(a) 35.
(b) 75.
(c) 60.
(d) 42.

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

3. What refers to a market where prices are determined by supply and demand?
(a) Controlled market.
(b) Random market.
(c) Influx market.
(d) Free market.

4. According to the author in Chapter 11, the problem with this gold standard was the central bank could do what?
(a) Manipulate exchange rates.
(b) Require collateral.
(c) Devalue the currency.
(d) Charge interest.

5. 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?
(a) 2005.
(b) 1994.
(c) 1998.
(d) 2002.

Short Answer Questions

1. According to the author in Chapter 1, companies want to profit, and consumers want what?

2. When did the Cuban Revolution begin?

3. When did the California Gold Rush begin?

4. When was the first edition of "Naked Economics: Undressing the Dismal Science" published?

5. In the Epilogue, the author discusses seven issues used to understand and improve the world. What is the third?

(see the answer key)

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