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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. In finance, what is a standardized contract between two parties to exchange a specified asset of standardized quantity and quality for a price agreed today with delivery occurring at a specified future delivery date?
3. Who introduced the Hope credit?
4. When was Burton G. Malkiel born?
5. In what political structure does the government set the price and decide what's on the shelves?
Short Essay Questions
1. What are the ramifications of decisions made in the world of finance and legislation, according to the author in the Introduction?
2. What stereotypical scene does the author depict of an economics student in the Introduction?
3. Discuss the importance of information in economics. How does the author address the issue of information in Chapter 4?
4. What are the second through fourth of the basic needs the author boils down for investment markets in Chapter 7?
5. What is the first of the basic needs the author boils down for investment markets in Chapter 7?
6. How has the market economy contributed to a higher standard of living in America, according to the author in Chapter 1?
7. How does the author describe the concept of maximizing profits in Chapter 1? What examples does he give?
8. How does human capital relate to productivity? How does this in turn reflect the economic well-being of a nation, according to the author in Chapter 6?
9. How does the author describe the concept of "trade-offs" in Chapter 1? How do trade-offs apply to individuals and to the economy?
10. What human fallacies does the author address in the beginning of Chapter 7?
Essay Topics
Write an essay for ONE of the following topics:
Essay Topic 1
Describe and discuss Douglas Ivester, the Coca-Cola Company, and the toppling of the Berlin Wall. When did the Berlin Wall come down and what did this mean in terms of the U.S.S.R.? What is brand recognition? In what ways does the author laud Ivester's tactic for marketing?
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 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"?
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This section contains 974 words (approx. 4 pages at 300 words per page) |
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