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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. Human capital is extremely important in economics because it is also tied together with what?
2. When was Gary Becker born?
3. Who introduced the Hope credit?
4. What is a situation that involves losing one quality or aspect of something in return for gaining another quality or aspect?
5. Douglas Ivester's goal was achieving what when he told his sales team to pass free Coca-Cola around as the Berlin Wall toppled?
Short Essay Questions
1. Discuss the importance of information in economics. How does the author address the issue of information in Chapter 4?
2. What do economists assume about human nature and motivation, according to the author in Chapter 1?
3. What stereotypical scene does the author depict of an economics student in the Introduction?
4. What solution does the author consider for the problem with the black rhinoceros in Chapter 2?
5. How does the author of the Foreword describe Charles Wheelan's approach to explaining economics in "Naked Economics: Undressing the Dismal Science"?
6. What investment tactic is recommended for the average investor without much expertise in the market in Chapter 7?
7. How is the question of income security answered by the author in Chapter 6?
8. Who wrote the book's Foreword? What does this individual say regarding the perception of economics and economists?
9. What are the second through fourth of the basic needs the author boils down for investment markets in Chapter 7?
10. How is branding described as an economic strategy in Chapter 5?
Essay Topics
Write an essay for ONE of the following topics:
Essay Topic 1
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 2
Discuss the author's example from Chapter 2 involving Yemen and the black rhinoceros. What is the value of the black rhino's horns and why are these horns so highly sought after? How does he describe the role of ecotourism as an environmental and economical solution? When did ecotourism first develop?
Essay Topic 3
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?
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This section contains 904 words (approx. 4 pages at 300 words per page) |
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