Naked Economics: Undressing the Dismal Science Test | Final Test - Easy

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 test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. In 1900, the average wage was how much per hour according to the author in Chapter 9?
(a) 54.2 cents.
(b) 14.8 cents.
(c) 23.7 cents.
(d) 32.8 cents.

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

3. According to the author in Chapter 13, when it comes to gaining economic power, it's best to avoid what, which depletes resources and limits education?
(a) Deflation.
(b) Inflation.
(c) Extention.
(d) War.

4. The United Nations Monetary and Financial Conference was a gathering of delegates from how many nations?
(a) 31.
(b) 25.
(c) 38.
(d) 44.

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

6. 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 second?
(a) National savings.
(b) Poverty.
(c) Income inequality.
(d) Demographics.

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

8. The delegates at the United Nations Monetary and Financial Conference created the World Bank, which is owned by how many member countries?
(a) 114.
(b) 59.
(c) 85.
(d) 183.

9. After World War II, representatives of the Allied nations gathered together where to create a sustainable financial infrastructure for the world?
(a) Missouri.
(b) Michigan.
(c) New Hampshire.
(d) Rhode Island.

10. In many countries, the negative effects of the Great Depression lasted until the start of what?
(a) World War II.
(b) World War I.
(c) The Korean War.
(d) Vietnam.

11. 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 eighth?
(a) Demographics.
(b) Poverty.
(c) Unemployment.
(d) Income inequality.

12. What term refers to currency with no international value?
(a) Vouchers.
(b) Monopoly money.
(c) Funny money.
(d) Fast cash.

13. In Chapter 9, the author discusses how fifteen years ago what nation was on top of the world economically?
(a) Japan.
(b) Canada.
(c) Spain.
(d) India.

14. What, as defined by the International Labour Organization, occurs when people are without jobs and they have actively sought work within the past four weeks?
(a) Underemployment.
(b) Retirement.
(c) Unemployment.
(d) Overemployment.

15. The U.S. adopted a silver standard based on the Spanish milled dollar in what year?
(a) 1866.
(b) 1835.
(c) 1785.
(d) 1802.

Short Answer Questions

1. The United Nations Monetary and Financial Conference was commonly known as what?

2. 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 third?

3. When did President Jefferson suspend the minting of silver coins in the U.S.?

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 fifth?

5. Where does the author live and work today?

(see the answer keys)

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