|Name: _________________________||Period: ___________________|
This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.
Multiple Choice Questions
1. Who gave out free medication in order to help the fight against leprosy, according to the author in Chapter 9?
(a) The Food and Drug Administration.
(b) The World Health Organization.
(c) The University of Chicago.
(d) The Bill and Melinda Gates Foundation.
2. When did the California Gold Rush begin?
3. Where did Charles Wheelan earn a PhD in public policy?
(a) Yale University.
(b) The Harris School.
(c) Harvard University.
(d) Dartmouth College.
4. Incomes rose between 1970 and 1999, yet those who described themselves as as "very happy" decreased from 36% to what?
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) National savings.
(b) Income inequality.
(c) Total national happiness.
(d) Current account surplus/deficit.
Short Answer Questions
1. Americans today are how many times as rich as an American in the 1940s according to the author in Chapter 9?
2. In Chapter 9, the author discusses how fifteen years ago what nation was on top of the world economically?
3. The U.S. Treasury began doing business only in gold or silver coin as part of the Independent Treasury Act of what year?
4. Where does the author live and work today?
5. According to the author in Chapter 9, to ensure accuracy, the real GDP is a figure that has been adjusted to account for what?
Short Essay Questions
1. How does the author describe the results of the United Nations Monetary and Financial Conference in Chapter 11?
2. How does the author address the issues of outsourcing in Chapter 12?
3. What are the benefits of the HDI versus the GDP according to the author in Chapter 9?
4. How does the author illustrate time and price value in America in Chapter 9?
5. How are fixed exchange rates defined and described in Chapter 11?
6. In the example given in Chapter 11 of Argentina borrowing the reputation of the U.S., what was the outcome?
7. How does the author describe the recessions of the U.S. and the Japanese in Chapter 9?
8. How does the author address the issue of protectionism in Chapter 12?
9. How is the decline of Iceland's economy described in Chapter 11?
10. What did Mark Miringhoff propose as a measure for economies, as described in Chapter 9?
This section contains 892 words
(approx. 3 pages at 300 words per page)