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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 8.

Multiple Choice Questions

1. What do advertisements teach Americans?
(a) Relax, relax, and relax some more.
(b) Consume, consume, and comsume some more.
(c) Work, work, and work some more.
(d) Buy low, sell high.

2. What attitude do the authors want readers to carry?
(a) No harm, no foul.
(b) No shame, no blame.
(c) No guts, no glory.
(d) No pain, no gain.

3. The top number on the y-axis should be at least how large?
(a) Equal to the participant's expected income.
(b) Three times as large as the participant's expected income.
(c) Twice as large as the participant's expected expenses.
(d) Twice as large as the participant's expected income.

4. Participants will end up making more money than they spend if they do what?
(a) Maximize income and minimize expenses.
(b) Follow the philosophy of "no shame, no blame."
(c) Conserve life energy.
(d) Retire early.

5. What must people do in order to make Step 3 work?
(a) Work more hours.
(b) Work fewer hours.
(c) Reduce spending.
(d) Be as truthful as possible.

Short Answer Questions

1. How is net worth determined?

2. What is one of the main economic principles most businesses follow?

3. What are 1,001 SURE WAYS TO SAVE MONEY?

4. What should participants do if they don't make a living from their passion?

5. What is the meaning of the Spanish word, "aprovechar?"

(see the answer key)

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