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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. Where did politicians try to deal with the level of pollution by limiting driving based on license plate numbers, according to the author in Chapter 2?
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. Who led the Cuban Revolution?
4. In Chapter 6, the author discusses poverty and income equality, using the example of what billionaire?
5. When did the Cuban Revolution begin?
Short Essay Questions
1. What is the first of the basic needs the author boils down for investment markets 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. Discuss the importance of information in economics. How does the author address the issue of information in Chapter 4?
4. How does the author describe the concept of "trade-offs" in Chapter 1? How do trade-offs apply to individuals and to the economy?
5. What do economists assume about human nature and motivation, according to the author in Chapter 1?
6. How does the author address the question of "getting rich quickly" in the market in Chapter 7?
7. What lessons can be learned from a monopoly situation according to the author in Chapter 4?
8. How does the author of the Foreword describe Charles Wheelan's approach to explaining economics in "Naked Economics: Undressing the Dismal Science"?
9. What example does the author give for the negative effect of incentives in Chapter 2?
10. What examples does the author give for the uninformed relaying false information in the Introduction?
Essay Topics
Write an essay for ONE of the following topics:
Essay Topic 1
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 2
Describe and discuss the history and economies of Cuba and North Korea. How have these economies suffered from overregulation, according to the author? What are the differences between Communist and capitalist nations regarding regulation and trade?
Essay Topic 3
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?
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This section contains 925 words (approx. 4 pages at 300 words per page) |
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