Archives: Quiz
978-0134078816 Chapter 2 Part 6
50 4) Which of the following is an element of a command economy? A) The market decides distribution. B) The means of production are privately owned. C) Production decisions are centralized. D) The market decides what will be produced. Answer: […]
978-0134078816 Chapter 2 Part 5
41 139) Assume a society can produce either olives or grapes. If the marginal rate of transformation of bushels of olives into bushels of grapes is 0.2, then the opportunity cost of grapes is A) the 5 bushels of olives […]
978-0134078816 Chapter 2 Part 4
31 101) Related to the Economics in Practice on page 25: Which one of the following occurs when an individual enters the paid work force? A) The opportunity cost of time for housework increases, because time spent on housework could […]
978-0134078816 Chapter 2 Part 3
21 69) Refer to Figure 2.4. The economy moves from Point E to Point B. This could be explained by A) an increase in unemployment. B) a reduction in unemployment. C) a change in society’s preferences for hybrid cars versus […]
978-0134078816 Chapter 2 Part 2
11 Copyright © 2017 Pearson Education, Inc. 37) Refer to Figure 2.2. If Microland’s economy is at Point A, it could produce more consumer goods A) without sacrificing any capital goods. B) by sacrificing some capital goods. C) only with […]
978-0134078816 Chapter 2 Part 1
1 Principles of Microeconomics, 12e (Case/Fair/Oster) Chapter 2 The Economic Problem: Scarcity and Choice 2.1 Scarcity, Choice, and Opportunity Cost 1) The process by which resources are transformed into useful forms is A) capitalization. B) consumption. C) production. D) allocation. […]
978-0134078816 Chapter 1 Part 7
59 Copyright © 2017 Pearson Education, Inc. 34) If the slope of a straight line is –2. and if X (the variable on the horizontal axis) decreases by 8, then Y (the variable on the vertical axis) will A) increase […]
978-0134078816 Chapter 1 Part 6
51 Copyright © 2017 Pearson Education, Inc. 7) Refer to Figure 1.3. The slope of the line between Points D and C is A) –3. B) –0.33. C) 0.33. D) 3. Topic: Appendix: How to Read and Understand Graphs Skill: […]
978-0134078816 Chapter 1 Part 5
41 73) Economic stability refers to the condition of steady growth in national output, with ________ inflation and ________ employment of resources. A) negative; low B) low; full C) high; full D) no; no Answer: B Diff: 2 Topic: The […]
978-0134078816 Chapter 1 Part 4
31 39) An efficient market is characterized by the fact that A) output is steady or growing and there is low inflation. B) profit opportunities are eliminated almost instantaneously. C) there are no opportunity costs. D) wealth is distributed fairly. […]
978-0134078816 Chapter 1 Part 3
21 4) Positive economics is an approach to economics that A) seeks to understand behavior and the operation of systems while making judgments about their usefulness to society. B) analyzes outcomes of economic behavior, evaluates them as good or bad, […]
978-0134078816 Chapter 1 Part 2
11 37) That which we forgo, or give up, when we make a choice or a decision is known as A) equity. B) causation. C) correlation. D) opportunity cost. Answer: D Diff: 1 Topic: Why Study Economics? Skill: Definition Learning […]
978-0134078816 Chapter 1 Part 1
1 Principles of Microeconomics, 12e (Case/Fair/Oster) Chapter 1 The Scope and Method of Economics 1.1 Why Study Economics? 1) Which of the following is not listed in the book as a reason to study economics? A) to learn a way […]
978-0134083247 Chapter 24
Hull: Fundamentals of Futures and Options Markets, Ninth Edition Chapter 24: Weather, Energy, and Insurance Derivatives Multiple Choice Test Bank 1. On a certain day the highest temperature is 77 degrees and the lowest temperature is 61 degrees. What is […]
978-0134083247 Chapter 23
Hull: Fundamentals of Futures and Options Markets, Ninth Edition Chapter 23: Credit Derivatives Multiple Choice Test Bank 1. Suppose that the cumulative probability of a company defaulting by years one, two, three and four are 3%, 6.5%, 10%, and 14.5%, […]
978-0134083247 Chapter 22
Hull: Fundamentals of Futures and Options Markets, Ninth Edition Chapter 22: Exotic Options and Other Nonstandard Products Multiple Choice Test Bank 1. An Asian option is a term used to describe which of the following A. An option where the […]
978-0134083247 Chapter 21
Hull: Fundamentals of Futures and Options Markets, Ninth Edition Chapter 21: Interest Rate Options Multiple Choice Test Bank 1. Which of the following is true? A. A callable bond allows the lender to ask for the principal to be repaid […]
978-0134083247 Chapter 20
Hull: Fundamentals of Futures and Options Markets, Ninth Edition Chapter 20: Value at Risk and Expected Shortfall Multiple Choice Test Bank 1. Which of the following is true of the 99.9% value at risk? A. There is 1 chance in […]
978-0134083247 Chapter 19
Hull: Fundamentals of Futures and Options Markets, Ninth Edition Chapter 19: Volatility Smiles Multiple Choice Test Bank 1. Which of the following is true of a volatility smile? A. Implied volatility is on the horizontal axis and strike price is […]
978-0134083247 Chapter 18
Hull: Fundamentals of Futures and Options Markets, Ninth Edition Chapter 18: Binomial Trees in Practice Multiple Choice Test Bank 1. How many nodes are there at the end of a Cox-Ross-Rubinstein five-step binomial tree? A. 4 B. 5 C. 6 […]
978-0134083247 Chapter 17
Hull: Fundamentals of Futures and Options Markets, Ninth Edition Chapter 17: The Greek Letters Multiple Choice Test Bank 1. A call option on a stock has a delta of 0.3. A trader has sold 1,000 options. What position should the […]
978-0134083247 Chapter 16
Hull: Fundamentals of Futures and Options Markets, Ninth Edition Chapter 16: Futures Options and Black’s Model Multiple Choice Test Bank 1. Which of the following is acquired (in addition to a cash payoff) when the holder of a put futures […]
978-0134083247 Chapter 15
Hull: Fundamentals of Futures and Options Markets, Ninth Edition Chapter 15: Options on Stock Indices and Currencies Multiple Choice Test Bank 1. Which of the following describes what a company should do to create a range forward contract in order […]
978-0134083247 Chapter 14
Hull: Fundamentals of Futures and Options Markets, Ninth Edition Chapter 14: Employee Stock Options Multiple Choice Test Bank 1. Which of the following is true? A. An employee stock option is usually held to maturity B. An employee stock option […]
978-0134083247 Chapter 13
Hull: Fundamentals of Futures and Options Markets, Ninth Edition Chapter 13: Valuing Stock Options: The BSM Model Multiple Choice Test Bank 1. Which of the following is assumed by the Black-Scholes-Merton model? A. The return from the stock in a […]
978-0134083247 Chapter 12
Hull: Fundamentals of Futures and Options Markets,Ninth Edition Chapter 12: Introduction to Binomial Trees Multiple Choice Test Bank 1. The current price of a non-dividend-paying stock is $30. Over the next six months it is expected to rise to $36 […]
978-0134083247 Chapter 11
Hull: Fundamentals of Futures and Options Markets, Ninth Edition Chapter 11: Trading Strategies Involving Options Multiple Choice Test Bank 1. Which of the following creates a bull spread? A. Buy a low strike price call and sell a high strike […]
978-0134083247 Chapter 10
Hull: Fundamentals of Futures and Options Markets, Ninth Edition Chapter 10: Properties of Stock Options Multiple Choice Test Bank 1. When the stock price increases with all else remaining the same, which of the following is true? A. Both calls […]
978-0134083247 Chapter 9
Hull: Fundamentals of Futures and Options Markets, Ninth Edition Chapter 9: Mechanics of Options Markets Multiple Choice Test Bank 1. Which of the following describes a call option? A. The right to buy an asset for a certain price B. […]
978-0134083247 Chapter 8
Hull: Fundamentals of Futures and Options Markets, Ninth Edition Chapter 8: Securitization and the Credit Crisis of 2007 Multiple Choice Test Bank 1. Which of the following tends to lead to an increase in house prices? A. An increase in […]
978-0134083247 Chapter 7
Hull: Fundamentals of Futures and Options Markets, Ninth Edition Chapter 7: Swaps Multiple Choice Test Bank 1. A company can invest funds for five years at LIBOR minus 30 basis points. The five-year swap rate is 3%. What fixed rate […]
978-0134083247 Chapter 6
Hull: Fundamentals of Futures and Options Markets, Ninth Edition Chapter 6: Interest Rate Futures Multiple Choice Test Bank 1. Which of following is applicable to corporate bonds in the United States? A. Actual/360 B. Actual/Actual C. 30/360 D. Actual/365 Answer: […]
978-0134083247 Chapter 5
Hull: Fundamentals of Futures and Options Markets, Ninth Edition Chapter 5: Determination of Forward and Futures Prices Multiple Choice Test Bank 1. Which of the following is a consumption asset? A. The S&P 500 index B. The Canadian dollar C. […]
978-0134083247 Chapter 4
Hull: Fundamentals of Futures and Options Markets, Ninth Edition Chapter 4: Interest Rates Multiple Choice Test Bank 1. The compounding frequency for an interest rate defines A. The frequency with which interest is paid B. A unit of measurement for […]
978-0134083247 Chapter 3
Hull: Fundamentals of Futures and Options Markets, Ninth Edition Chapter 3: Hedging Strategies Using Futures Multiple Choice Test Bank 1. The basis is defined as spot minus futures. A trader is hedging the sale of an asset with a short […]
978-0134083247 Chapter 2
Hull: Fundamentals of Futures and Options Markets, Ninth Edition Chapter 2: Futures Markets and Central Counterparties Multiple Choice Test Bank 1. Which of the following is true A. Both forward and futures contracts are traded on exchanges. B. Forward contracts […]
978-0134083247 Chapter 1
Hull: Fundamentals of Futures and Options Markets, Ninth Edition Chapter 1: Introduction Multiple Choice Test Bank 1. A one-year forward contract is an agreement where A. One side has the right to buy an asset for a certain price in […]
978-0134073545 Chapter 16 Part 6
4) Based of the Measured relative sea level data versus time from tide gauges from New York, New York; San Francisco, California; and Honolulu, Hawaii, which of the following statements is correct? A) The rate of sea level rise is […]
978-0134073545 Chapter 16 Part 5
1) List and define the five components of Earth’s climate system. Answer: The five components of the Earth’s climate system are the atmosphere, the biosphere, the cryosphere, the hydrosphere, and the geosphere. The atmosphere includes the gases and water vapor […]
978-0134073545 Chapter 16 Part 4
78) Judge the following sentence according to the criteria given below: Volcanic eruptions are responsible for the recent observable climate changes BECAUSE eruptions release into the atmosphere at least 130 times more heat-trapping carbon dioxide than humans do. A) The […]
978-0134073545 Chapter 16 Part 3
52) Which of the following human-generated gases makes the greatest relative contribution to increasing the greenhouse effect? A) Carbon dioxide (CO2) B) Chlorofluorocarbons (CFCs) C) Methane (CH4) D) Nitrous oxide (N2O) E) Water vapor Bloom’s Taxonomy: Remembering/Understanding Section: 16.3 What […]
978-0134073545 Chapter 16 Part 2
24) Examine the five words and/or phrases and determine the relationship among the majority of words/phrases. Choose the one option that does not fit the pattern. A) Anthropogenic carbon dioxide inputs B) Changes in solar input C) Tectonic plate movement […]
978-0134073545 Chapter 16 Part 1
Essentials of Oceanography, 12e (Trujillo) Chapter 16 The Oceans and Climate Change 16.1 Matching Questions Match the term or phrase with the best descriptor. Not all answers will be used. A) volcanic eruptions B) refrigerants C) variations in Earth’s orbit […]
978-0134073545 Chapter 15 Part 6
3) The area on a rocky shore inhabited by organisms adapted to withstand wave energy for the majority of the tidal cycle is indicated by the number ________. A) 1 B) 2 C) 3 D) 5 E) 7 Bloom’s Taxonomy: […]
978-0134073545 Chapter 15 Part 5
112) Judge the following sentence according to the criteria given below: Coral are usually found close to areas where major rivers drain into the sea BECAUSE they require high turbidity and fresh water. A) The assertion and the reason are […]
978-0134073545 Chapter 15 Part 4
82) In hydrothermal vent ecosystems, tubeworms and giant ________ depend entirely on sulfur– oxidizing archaea that live symbiotically within their tissues. A) clams B) corals C) crabs D) lobsters E) mussels Bloom’s Taxonomy: Remembering/Understanding Section: 15.4 What Communities Exist on […]
978-0134073545 Chapter 15 Part 3
52) The diversity pattern of reef-building coral observed in today’s oceans is related to which of the following? A) Increased nutrients provided by upwelling B) The distance from Earth to the Sun C) The El Nino Southern Oscillation D) The […]
978-0134073545 Chapter 15 Part 2
22) Examine the five words and/or phrases and determine the relationship among the majority of words or phrases. Choose the one option that does not fit the pattern. A) Regeneration B) Inking C) Mimicry D) Stinging cells E) Withdrawal into […]
978-0134073545 Chapter 15 Part 1
Essentials of Oceanography, 12e (Trujillo) Chapter 15 Animals of the Benthic Environment 15.1 Matching Questions Match the organism with the appropriate zone. Not all answers will be used. A) middle tide zone B) high tide zone, supratidal zone C) middle […]
978-0134073545 Chapter 14 Part 8
6) Which of the following types of caudal fins is featured in the image? A) Forked caudal fin B) Heterocercal caudal fin C) Lunate caudal fin D) Rounded caudal fin E) Truncate caudal fin Bloom’s Taxonomy: Applying/Analyzing Section: 14.1 How […]