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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. Behavioral economics intertwine economics and what?
(a) Religion.
(b) Psychology.
(c) Geometry.
(d) Geography.

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

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

4. The GDP does not consider economic activity that is what, according to the author in Chapter 9?
(a) Deductible.
(b) Subsidized.
(c) Interdependent.
(d) Unpaid.

5. A market economy delegates resources to an area where they are what, according to the author in Chapter 1?
(a) Most wealthy.
(b) Most productive.
(c) Least productive.
(d) Least wealthy.

Short Answer Questions

1. Where does the author live and work today?

2. When did the Great Depression begin in the United States?

3. In many countries, the negative effects of the Great Depression lasted until the start of what?

4. The benefit of the HDI in comparison to the GDP is that the GDP does not measure what, according to the author in Chapter 9?

5. What refers to the stock of competencies, knowledge and personality attributes embodied in the ability to perform labor so as to produce economic value?

(see the answer key)

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