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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 2.

Multiple Choice Questions

1. What will eventually run out?
(a) Job growth.
(b) Time and money.
(c) Social Security.
(d) The earth's resources.

2. What items are included in everything owned?
(a) All items in the garage and basement.
(b) Estimated current sale price of all items currently owned, plus other assets such as cash and investments.
(c) All items purchased during a lifetime.
(d) Add together everything owned, then subtract everything owed.

3. What is one of the main economic principles most businesses follow?
(a) Growth is good.
(b) Technology is good.
(c) Debt is good.
(d) Going green is good.

4. On average, what do Americans have less of than ever before?
(a) Education.
(b) Savings.
(c) Debt.
(d) Children.

5. According to many Americans, what is considered a sin?
(a) Working too much.
(b) Buying low, selling high.
(c) Spending too much.
(d) Just sitting around and enjoying life.

Short Answer Questions

1. Each person has only a limited amount of what?

2. What is an important aspect of the second half of Step 2?

3. Why do many people give up time with family, working on hobbies, and fulfilling dreams?

4. What is a possible advantage of switching to a lower-paying job?

5. Which perspective of money should readers embrace?

(see the answer key)

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