Naked Economics: Undressing the Dismal Science Test | Lesson Plans Mid-Book Test - Hard

Charles Wheelan
This set of Lesson Plans consists of approximately 148 pages of tests, essay questions, lessons, and other teaching materials.
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Mid-Book Test - Hard

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This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.

Short Answer Questions

1. When did Ross Perot found Electronic Data Systems?

2. When did the Korean War end?

3. What term was first used in the early 1990s to denote an organization's reputation as an employer?

4. What represents the original capital paid into or invested in the business by its founders?

5. In what year did Douglas Ivester tell his sales team to pass free Coca-Cola around as the Berlin Wall toppled?

Short Essay Questions

1. How does the author of the Foreword describe Charles Wheelan's approach to explaining economics in "Naked Economics: Undressing the Dismal Science"?

2. What do economists assume about human nature and motivation, according to the author in Chapter 1?

3. Discuss the importance of information in economics. How does the author address the issue of information in Chapter 4?

4. Discuss the relationship between wealth and happiness. How is this illustrated in Chapter 9?

5. How does the author describe the relationship between the GDP and quality of life in India in Chapter 9?

6. What are the second through fourth of the basic needs the author boils down for investment markets in Chapter 7?

7. What examples does the author give for the uninformed relaying false information in the Introduction?

8. What are the benefits of the HDI versus the GDP according to the author in Chapter 9?

9. What does the author remark about globalization in the beginning of Chapter 12? What are the benefits of global trade?

10. How does the author describe the importance of monetary policy in concluding the book in Chapter 13?

Essay Topics

Essay Topic 1

Describe and discuss the history and economies of Cuba and North Korea. How have these economies suffered from overregulation, according to the author? What are the differences between Communist and capitalist nations regarding regulation and trade?

Essay Topic 2

Describe and analyze the author's concepts of productivity, education, and standard of living in Chapter 6. How does productivity relate to human capital? How does education relate to human capital and standard of living? How has education changed in the past 20 years?

Essay Topic 3

Describe and discuss the circumstances and impacts of monopolies. What are examples of recent monopolies in the U.S.? How were these monopolies dealt with? What governmental regulations ensure against monopoly? What does the author say can be learned from monopolies?

(see the answer keys)

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