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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. According to the author, insurance companies want to save money while doctors want to help patients and avoid what?
2. What is an investment position intended to offset potential losses that may be incurred by a companion investment?
3. In economics, what is a good that is non-rival and non-excludable?
4. What are negative results which occur while trying to achieve a goal for the common good?
5. In what political structure does the government set the price and decide what's on the shelves?
Short Essay Questions
1. What investment tactic is recommended for the average investor without much expertise in the market in Chapter 7?
2. What are the second through fourth of the basic needs the author boils down for investment markets in Chapter 7?
3. How does the health of the economy affect income inequality, according to the author in Chapter 6?
4. How is branding described as an economic strategy in Chapter 5?
5. What solution does the author consider for the problem with the black rhinoceros in Chapter 2?
6. What is the difficulty of studying economics, according to the author of the Foreword? What is the role of economics in everyday activities?
7. How does the author describe the concept of maximizing profits in Chapter 1? What examples does he give?
8. How is the question of income security answered by the author in Chapter 6?
9. How does the author of the Foreword describe the focus the book of "Naked Economics: Undressing the Dismal Science"? Does he find it balanced? Why?
10. How does the author describe the concept of "trade-offs" in Chapter 1? How do trade-offs apply to individuals and to the economy?
Essay Topics
Write an essay for ONE of the following topics:
Essay Topic 1
Define and discuss stock averages and index funds. What are mutual funds and how are they implemented in an investment strategy? What are ways suggested by the author to minimize risk when investing? What is "insider trading" and how does it impact the economy as a whole?
Essay Topic 2
Analyze and discuss recent governmental decisions which impact the economy and environment. What legislation has passed regarding oil drilling and fracking? How do these examples relate to the author's views on the government's role in environmental issues?
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 941 words (approx. 4 pages at 300 words per page) |
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