Naked Economics: Undressing the Dismal Science Quiz | Eight Week Quiz B

Charles Wheelan
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This quiz consists of 5 multiple choice and 5 short answer questions through Forward - Chapter 3.

Multiple Choice Questions

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

2. What refers to the degree to which a correct forecast of a system's state can be made either qualitatively or quantitatively?
(a) Index.
(b) Predictability.
(c) Security.
(d) Recession.

3. When was Burton G. Malkiel born?
(a) 1932.
(b) 1918.
(c) 1925.
(d) 1907.

4. Burton G. Malkiel is an American economist, most famous for what classic finance book?
(a) The Millionaire Next Door: The Surprising Secrets of America's Wealthy.
(b) The Wall Street MBA: Your Personal Crash Course in Corporate Finance.
(c) A Random Walk Down Wall Street.
(d) Extreme Money: Masters of the Universe and the Cult of Risk.

5. With uniform rules and regulations, the cost of doing business in the private sector is what, according to the author in Chapter 3?
(a) Prohibitive.
(b) Raised.
(c) Lowered.
(d) Maintained.

Short Answer Questions

1. What contends that prices of publicly traded assets reflect all publicly available information?

2. Behavioral economics intertwine economics and what?

3. What is a mathematical equation for an unknown function of one or several variables that relates the values of the function itself and its derivatives of various orders?

4. Michael Jensen is a professor at what university's business school?

5. In economics and sociology, what refers to any factor that enables or motivates a particular course of action or counts as a reason for preferring one choice to the alternatives?

(see the answer key)

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