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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. Who led the Cuban Revolution?
2. In Chapter 2, the author discusses how the black rhinoceros is nearly extinct and that the horns are considered what?
3. Douglas Ivester's goal was achieving what when he told his sales team to pass free Coca-Cola around as the Berlin Wall toppled?
4. According to the author in Chapter 1, companies want to profit, and consumers want what?
5. Behavioral economics intertwine economics and what?
Short Essay Questions
1. How does the author describe the tactics used by OPEC in Chapter 1?
2. What are the second through fourth of the basic needs the author boils down for investment markets in Chapter 7?
3. What are the ramifications of decisions made in the world of finance and legislation, according to the author in the Introduction?
4. What examples does the author give for the uninformed relaying false information in the Introduction?
5. 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?
6. What stereotypical scene does the author depict of an economics student in the Introduction?
7. What do economists assume about human nature and motivation, according to the author in Chapter 1?
8. How does the author describe the concept of "trade-offs" in Chapter 1? How do trade-offs apply to individuals and to the economy?
9. What is the basic set of rules put forth by the author for those looking to invest in Chapter 7? How are risk and reward described?
10. What is the first of the basic needs the author boils down for investment markets in Chapter 7?
Essay Topics
Write an essay for ONE of the following topics:
Essay Topic 1
Describe and discuss the stock market and the New York Stock Exchange. How are the following terms used in Chapter 7 defined: risk, speculation, investment, derivatives, capital? What four basic needs to understand investment are discussed in Chapter 7?
Essay Topic 2
Describe, analyze and discuss the public goods offered by the government in the U.S. What percentage of our nation's budget is dedicated to police and fire enforcement, roads, schools, etc.? What is the government's role in economic infrastructure, regulation, and finance?
Essay Topic 3
Define human capital and discuss how this term applies to the biographies and careers of Bill Gates and Gary Becker. How is a person's human capital valuated? How is income inequality worsened by the recession that began in 2008? How has the divide between those working on Wall Street and those working in the Main Street sector grown bigger? Why?
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This section contains 964 words (approx. 4 pages at 300 words per page) |
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