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

Charles Wheelan
This set of Lesson Plans consists of approximately 139 pages of tests, essay questions, lessons, and other teaching materials.

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

Charles Wheelan
This set of Lesson Plans consists of approximately 139 pages of tests, essay questions, lessons, and other teaching materials.
Buy the Naked Economics: Undressing the Dismal Science Lesson Plans
Name: _________________________ Period: ___________________

This quiz consists of 5 multiple choice and 5 short answer questions through For Chapters 8-10.

Multiple Choice Questions

1. In what political structure does the government set the price and decide what's on the shelves?
(a) Capitalism.
(b) Communism.
(c) Marxism.
(d) Utopianism.

2. What is a collective investment scheme that aims to replicate the movements of an index of a specific financial market regardless of market conditions?
(a) Index fund.
(b) Public policy.
(c) Money market.
(d) Futures contract.

3. What does CEO stand for?
(a) Continental Energy Options.
(b) Civil Engineer's Office.
(c) Cheap Everpresent Oil.
(d) Chief Executive Officer.

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 seventh?
(a) Current account surplus/deficit.
(b) Total national happiness.
(c) National savings.
(d) Demographics.

5. What is the third simple need of financial markets, as discussed in Chapter 7?
(a) Insuring against risk.
(b) Raising capital.
(c) Speculation.
(d) Storing, protecting and making profitable use of excess capital.

Short Answer Questions

1. When was Gary Becker born?

2. According to the author, there are two lessons to be learned from a monopoly situation. What is the first?

3. In economics, what refers to a general slowdown in economic activity?

4. The Lehman Brothers bank problem in 2008 occurred because the banks weren't what, according to the author?

5. According to the author, the Hope Scholarships were a plan wherein students could borrow money for college and pay back their loans after they graduated using what?

(see the answer key)

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