Forgot your password?  
| | | | | |
  Sign up for your free account today!  
Related Topics
Charles Wheelan

Naked Economics: Undressing the Dismal Science Quiz

Charles Wheelan
This Study Guide consists of approximately 29 pages of chapter summaries, quotes, character analysis, themes, and more - everything you need to sharpen your knowledge of Naked Economics.

Naked Economics: Undressing the Dismal Science Quiz

Students: Take our free Naked Economics: Undressing the Dismal Science quiz below, with 25 multiple choice questions that help you test your knowledge. Determine which chapters, themes and styles you already know and what you need to study for your upcoming essay, midterm, or final exam. Take the free quiz now!

Teachers: The BookRags Lesson Plan contains hundreds of test and quiz questions, including multiple choice, short answer, and essay questions. Create your own quiz or test with our automatic test generator, or choose from our ready-to-go chapter quizzes, midterm tests, and final exams. Don’t waste time reinventing the wheel, get the Lesson Plan today!

Directions: Click on the correct answer.

1)

According to the author, the Hope Scholarships were a plan wherein students could borrow money for college and pay back their loans after they graduated using what? (from Chapters 4-7)

Government bonds.
Regular debit payments.
Interest free payments.
A percentage of their annual income.
2)

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? (from For Chapters 11-Epilogue)

Deflation.
War.
Inflation.
Extention.
3)

Gary Becker is a professor of economics, sociology at what institution? (from Chapters 4-7)

The University of Chicago.
Harvard University.
Fordham University.
The University of Montana.
4)

In Chapter 6, the author discusses poverty and income equality, using the example of what billionaire? (from Chapters 4-7)

Donald Trump.
Fidel Castro.
Ted Turner.
Bill Gates.
5)

What is a contract between two parties that specifies conditions under which payments, or payoffs, are to be made between the parties? (from Chapters 4-7)

Futures contract.
Legislation.
Derivative.
Exchange rate.
6)

What is the appropriation of government spending for localized projects secured solely or primarily to bring money to a representative's district? (from For Chapters 8-10)

Public policy.
Pork barrel.
Perverse incentives.
Deductive reasoning.
7)

According to the author in Chapter 13, some argue that high temperatures and heavy rainfall yield poor food production and and increase in what, therefore limiting a location's ability to create a thriving economy? (from For Chapters 11-Epilogue)

Dust.
Floods.
Predator species.
Disease.
8)

Charles Wheelan graduated from what educational institution? (from For Chapters 11-Epilogue)

University of Chicago.
Yale University.
Dartmouth College.
Harvard University.
9)

According to the author in Chapter 7, the basic set of rules and investor should follow is to do what? (from Chapters 4-7)

Invest, watch, sell.
Research, fact check, invest.
Research, invest, watch.
Save, invest, and repeat.
10)

Gary Becker was awarded the Nobel Memorial Prize in Economic Sciences in what year? (from Chapters 4-7)

2003.
1997.
1992.
1988.
11)

What is the ninth factor one should consider along with the GDP to understand an economy, according to the author in Chapter 9? (from For Chapters 8-10)

Income inequality.
Current account surplus/deficit.
National savings.
Total national happiness.
12)

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? (from For Chapters 8-10)

Unemployment.
Underemployment.
Retirement.
Overemployment.
13)

What is the fourth simple need of financial markets, as discussed in Chapter 7? (from Chapters 4-7)

Storing, protecting and making profitable use of excess capital.
Speculation.
Insuring against risk.
Raising capital.
14)

The United Nations Monetary and Financial Conference was commonly known as what? (from For Chapters 11-Epilogue)

The Bretton Woods conference.
The Yosemite Falls conference.
The San Diego conference.
The New York and Europe conference.
15)

What refers to the stock of competencies, knowledge and personality attributes embodied in the ability to perform labor so as to produce economic value? (from Chapters 4-7)

Differential equation.
Futures contract.
Index fund.
Human capital.
16)

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? (from For Chapters 8-10)

Income inequality.
Current account surplus/deficit.
National savings.
Unemployment.
17)

After World War II, representatives of the Allied nations gathered together where to create a sustainable financial infrastructure for the world? (from For Chapters 11-Epilogue)

New Hampshire.
Missouri.
Michigan.
Rhode Island.
18)

The GDP does not consider economic activity that is what, according to the author in Chapter 9? (from For Chapters 8-10)

Deductible.
Subsidized.
Unpaid.
Interdependent.
19)

The author writes that trade helps the economy by doing what, in Chapter 12? (from For Chapters 11-Epilogue)

Increasing the quality of goods.
Lowering the cost of goods for consumers.
Making goods more abundant.
Encouraging sales and special offers.
20)

Charles Wheelan was an unsuccessful Democratic candidate in the special election for Illinois's 5th congressional district, the seat vacated by whom? (from For Chapters 11-Epilogue)

Barack Obama.
Rahm Emanuel.
Abraham Lincoln.
Bill Clinton.
21)

What is an investment strategy that attempts to balance risk versus reward by adjusting the percentage of each asset in an investment portfolio according to the investors risk tolerance, goals and investment time frame? (from Chapters 4-7)

Adverse selection.
Money market.
Futures contract.
Asset allocation.
22)

Mark Miringhoff believes the nation should have what, as described in Chapter 9? (from For Chapters 8-10)

A "social report card."
More laws on bankers.
A "portfolio of morals."
An army, navy, and airforce.
23)

What refers to economy-wide fluctuations in production or economic activity over several months or years? (from For Chapters 8-10)

Trade-off.
Recession.
Business cycle.
Depression.
24)

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 fourth? (from For Chapters 8-10)

Income inequality.
Unemployment.
Size of the government.
National savings.
25)

In an insurance policy, what is the amount of expenses that must be paid out of pocket before an insurer will pay any expenses? (from Chapters 4-7)

Deductible.
Inflation.
Collateral.
Subsidy.
Copyrights
Naked Economics: Undressing the Dismal Science from BookRags and Gale's For Students Series. ©2005-2006 Thomson Gale, a part of the Thomson Corporation. All rights reserved.
Follow Us on Facebook