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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. In lending agreements, what is a borrower's pledge of specific property to a lender, to secure repayment of a loan?
2. What does IMF stand for?
3. Who gave out free medication in order to help the fight against leprosy, according to the author in Chapter 9?
4. What does HDI stand for?
5. 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?
Short Essay Questions
1. Discuss the relationship between wealth and happiness. How is this illustrated in Chapter 9?
2. How does the author address the issue of protectionism in Chapter 12?
3. How does the author describe public policy in Chapter 8? What problems do politicians face in this area?
4. Discuss the growth rate of globalizing countries as discussed in Chapter 12. How did the globalizing countries benefit?
5. How do poor countries benefit by outsourcing and global trade, as described by the author in Chapter 12?
6. What is the ERM? What is its role according to the author in Chapter 11?
7. How does the author describe the results of the United Nations Monetary and Financial Conference in Chapter 11?
8. How does the author address the issues of outsourcing in Chapter 12?
9. What is the HDI? How is it described in Chapter 9?
10. How is the Federal Reserve described in Chapter 10? What is the role of the Fed?
Essay Topics
Write an essay for ONE of the following 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
Define, analyze and discuss the gross domestic product of the U.S. over the past century. When have the greatest changes taken place? What does this tell us about the economy during those times? How has technology affected the GDP in America?
Essay Topic 3
Describe and discuss the most recent Japanese and U.S. recessions. When, according to the author, did Japan's economic decline begin? What led to it? What do these recessions have in common? How do they differ? What are the different viewpoints regarding how to pull America from its current recession? What legislation has attempted to boost the economy? Has it been effective? Why or why not?
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This section contains 928 words (approx. 4 pages at 300 words per page) |
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