Naked Economics: Undressing the Dismal Science Quiz Questions | Quiz: For Chapters 8-10

Quiz: For Chapters 8-10

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

Multiple Choice Questions

Directions: Circle the correct answer.

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

2. What refers to law which has been enacted by a legislature or other governing body, or the process of making it?
a) Hedge.
b) Gresham's law.
c) Legislation.
d) Trade-off.

3. The Chinese GDP has grown substantially over the past decade, yet its success is correlated to what, according to the author in Chapter 9?
a) Environmental degradation.
b) Utility costs.
c) Interest payments.
d) Quality of life.

4. When was the Federal Reserve Act enacted?
a) 1776.
b) 1913.
c)...
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