1.A so-called New Gilded Age from 19802007

Select one:

a. Stagflation from 19731980 when all groups lost ground, with real wages for industrial workers declining by 13 percent, and the income of the richest 1 percent dropping by 14 percent

b. Stagflation from 19731980 when all groups lost ground, with real wages for industrial workers declining by 3 percent, and the income of the richest 10 percent dropping by 4 percent

c. Stagflation from 19731980 when all groups lost ground, with real wages for industrial workers declining by 13 percent, and the income of the richest 10 percent dropping by 4 percent

d. Stagflation from 19731980 when all groups lost ground, with real wages for industrial workers declining by 3 percent, and the income of the richest 1 percent dropping by 4 percent

2.

During the 20072008 financial crisis many quantitative funds _____

Select one:

a. did not surprise financial analysts

b. suffered large losses

c. were not affected

d. achieved high financial gains

3.

Between 1982 and 1994, the Gini index signaled growing inequality, mainly as a result of poor economic performance in Latin American, Africa, and Soviet bloc countries

Select one or more:

a. Asia

b. Latin American

c. India

d. Africa

e. China

f. Soviet bloc

4.

Hedge funds have ______ than investments like mutual funds.

Select one:

a. more flexibility and less regulation

b. more flexibility and more regulation

c. less flexibility and less regulation

d. less flexibility and more regulation

5.

Hedge funds invest in a broad range of assets that mutual funds typically avoid, such as

Select one:

a. foreign exchange, commodities and real estate.

b. foreign exchange and real estate.

c. commodities and real estate.

d. foreign exchange and commodities