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

Charles Wheelan
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This quiz consists of 5 multiple choice and 5 short answer questions through For Chapters 11-Epilogue.

Multiple Choice Questions

1. When did President Jefferson suspend the minting of silver coins in the U.S.?
(a) 1796.
(b) 1806.
(c) 1822.
(d) 1815.

2. In the Epilogue, the author discusses seven issues used to understand and improve the world. What is the third?
(a) The market.
(b) Productivity.
(c) The divide between the rich and the poor.
(d) Maximizing utility.

3. 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 fifth?
(a) Income inequality.
(b) Poverty.
(c) Budget deficit/surplus.
(d) Demographics.

4. The horns of the black rhinoceros are used to make what for the Yemenese people, according to the author in Chapter 2?
(a) Daggers.
(b) Funnels.
(c) Necklaces.
(d) Paperweights.

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

Short Answer Questions

1. In Chapter 6, the author discusses poverty and income equality, using the example of what billionaire?

2. What, in economics, refers to a globally traded currency that is expected to serve as a reliable and stable store of value?

3. 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 first?

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?

5. What does HDI stand for?

(see the answer key)

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