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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. What refers to the increasingly global relationships of culture, people and economic activity?
2. According to the author, financial markets boil down to four basic simple needs. What is the second discussed in Chapter 7?
3. What is the third simple need of financial markets, as discussed in Chapter 7?
4. OPEC is an intergovernmental organization of how many oil-producing countries?
5. What is a situation that involves losing one quality or aspect of something in return for gaining another quality or aspect?
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 investment tactic is recommended for the average investor without much expertise in the market in Chapter 7?
3. What human fallacies does the author address in the beginning of Chapter 7?
4. How is branding described as an economic strategy in Chapter 5?
5. How does the author describe the concept of maximizing profits in Chapter 1? What examples does he give?
6. What examples does the author give for the uninformed relaying false information in the Introduction?
7. What lessons can be learned from a monopoly situation according to the author in Chapter 4?
8. What stereotypical scene does the author depict of an economics student in the Introduction?
9. How is the question of income security answered by the author in Chapter 6?
10. What is a "diversified portfolio"? What does the author state regarding this in Chapter 7?
Essay Topics
Write an essay for ONE of the following topics:
Essay Topic 1
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 2
Discuss the career of economist Burton G. Malkiel and the efficient market hypothesis. When was the efficient market hypothesis developed? What ideas are presented in Malkiel's "A Random Walk Down Wall Street"? What does Malkiel write in the Forward to "Naked Economics: Undressing the Dismal Science"?
Essay Topic 3
Discuss the biography and career of Charles Wheelan. What history and expertise does Wheelan have in the field of economics? What publications has Wheelan written for? How many books has he published? What criticism and/or awards did he earn for "Naked Economics: Undressing the Dismal Science"?
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This section contains 905 words (approx. 4 pages at 300 words per page) |
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