Naked Economics: Undressing the Dismal Science Quiz | One Week Quiz A

Charles Wheelan
This set of Lesson Plans consists of approximately 139 pages of tests, essay questions, lessons, and other teaching materials.
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This quiz consists of 5 multiple choice and 5 short answer questions through For Chapters 8-10.

Multiple Choice Questions

1. Where did politicians try to deal with the level of pollution by limiting driving based on license plate numbers, according to the author in Chapter 2?
(a) New York.
(b) Pyongyang.
(c) London.
(d) Mexico City.

2. What is the sixth factor one should consider along with the GDP according to the author in Chapter 9?
(a) Current account surplus/deficit.
(b) Total national happiness.
(c) National savings.
(d) Income inequality.

3. 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?
(a) Happiness.
(b) Political unrest.
(c) Productivity.
(d) Inflation.

4. In order to get a true understanding of an economy, there are nine factors one should consider along with the GDP according to the author in Chapter 9. What is the fourth?
(a) Unemployment.
(b) Size of the government.
(c) National savings.
(d) Income inequality.

5. Cuba remained a territory of Spain until the Spanish-American War ended in what year?
(a) 1913.
(b) 1841.
(c) 1898.
(d) 1862.

Short Answer Questions

1. In finance, what is a derivative financial instrument that specifies a contract between two parties for a future transaction on an asset at a reference price?

2. When did the Cuban Revolution end?

3. OPEC is an intergovernmental organization of how many oil-producing countries?

4. According to the author, financial markets boil down to four basic simple needs. What is the first discussed in Chapter 7?

5. What is the ninth factor one should consider along with the GDP to understand an economy, according to the author in Chapter 9?

(see the answer key)

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