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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. Gary Becker received the United States Presidential Medal of Freedom in what year?
2. What is a professionally managed type of collective investment scheme that pools money from many investors to buy stocks, bonds, short-term money market instruments, and/or other securities?
3. Behavioral economics intertwine economics and what?
4. In Chapter 6, the author discusses poverty and income equality, using the example of what billionaire?
5. 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?
Short Essay Questions
1. How does the health of the economy affect income inequality, according to the author in Chapter 6?
2. How do the resources of a country reflect its economic well-being, according to the author in Chapter 6?
3. What examples does the author give for the uninformed relaying false information in the Introduction?
4. Discuss the importance of information in economics. How does the author address the issue of information in Chapter 4?
5. What is a "diversified portfolio"? What does the author state regarding this in Chapter 7?
6. How does the author of the Foreword describe Charles Wheelan's approach to explaining economics in "Naked Economics: Undressing the Dismal Science"?
7. What example does the author give for the negative effect of incentives in Chapter 2?
8. Who wrote the book's Foreword? What does this individual say regarding the perception of economics and economists?
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 tactics used by OPEC in Chapter 1?
Essay Topics
Write an essay for ONE of the following topics:
Essay Topic 1
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 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
Discuss and analyze the author's Introduction to the book. What role does Wheelan propose economics and finance has in everyday life? What, according to the author, led to the problems with Lehman Brothers? What examples does the author use for politicians using false information?
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This section contains 941 words (approx. 4 pages at 300 words per page) |
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