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This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

1. When did President Jefferson suspend the minting of silver coins in the U.S.?
(a) 1815.
(b) 1822.
(c) 1796.
(d) 1806.

2. What does HDI stand for?
(a) Human Development Index.
(b) Hunger Depletion Index.
(c) Habitat Degradation Index.
(d) Hereditary Disease Index.

3. The United Nations Monetary and Financial Conference was a gathering of how many delegates?
(a) 560.
(b) 730.
(c) 435.
(d) 975.

4. In Chapter 9, the author discusses how fifteen years ago what nation was on top of the world economically?
(a) Canada.
(b) Japan.
(c) Spain.
(d) India.

5. The delegates at the United Nations Monetary and Financial Conference created the World Bank, which is owned by how many member countries?
(a) 183.
(b) 114.
(c) 59.
(d) 85.

Short Answer Questions

1. 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?

2. Of the top 25 polluted cities in the world, how many are in China according to the author?

3. In France, what president wanted to come up with a way to measure human happiness, as described in Chapter 9?

4. Who gave out free medication in order to help the fight against leprosy, according to the author in Chapter 9?

5. 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?

Short Essay Questions

1. How does the author address the issues of outsourcing in Chapter 12?

2. How are fixed exchange rates defined and described in Chapter 11?

3. In the example given in Chapter 11 of Argentina borrowing the reputation of the U.S., what was the outcome?

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. How are the complications of international exchange rates described in Chapter 11?

7. What is the ERM? What is its role according to the author in Chapter 11?

8. What does the GDP not factor in, according to the author in Chapter 9?

9. How does the author describe the recessions of the U.S. and the Japanese in Chapter 9?

10. How does the author address the issue of protectionism in Chapter 12?

(see the answer keys)

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