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

Charles Wheelan
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This test consists of 5 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. Americans today are how many times as rich as an American in the 1940s according to the author in Chapter 9?
(a) 2.
(b) 10.
(c) 5.
(d) 14.

2. In 1900, a pair of stockings would cost how much money according to the author in Chapter 9?
(a) $0.60.
(b) $0.25.
(c) $0.50.
(d) $0.75.

3. What does ERM stand for?
(a) Environmental Rarity Market.
(b) European Exchange Rate Mechanism.
(c) Electronic Remanufacturing Market.
(d) Education Resource Mechanism.

4. Where did Charles Wheelan earn a PhD in public policy?
(a) Dartmouth College.
(b) The Harris School.
(c) Harvard University.
(d) Yale University.

5. Mark Miringhoff is a social science professor at what institution?
(a) The University of Chicago.
(b) The University of Alaska.
(c) Harvard University.
(d) Fordham University.

Short Answer Questions

1. Where does the author live and work today?

2. In many countries, the negative effects of the Great Depression lasted until the start of what?

3. In lending agreements, what is a borrower's pledge of specific property to a lender, to secure repayment of a loan?

4. What country had a bad reputation so it's government created a currency board ensuring that each of its pesos was worth one United States dollar?

5. Economists call the cycle of recession and recovery what, according to the author in Chapter 9?

(see the answer keys)

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