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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. When was the Hope credit established?
2. What is a component of the financial markets for assets involved in short-term borrowing and lending with original maturities of one year or shorter time frames?
3. What refers to the degree to which a correct forecast of a system's state can be made either qualitatively or quantitatively?
4. Who led the Cuban Revolution?
5. When did Ross Perot found Electronic Data Systems?
Short Essay Questions
1. How does the author of the Foreword describe Charles Wheelan's approach to explaining economics in "Naked Economics: Undressing the Dismal Science"?
2. How is adverse selection described in the example of Hope Scholarships in Chapter 4?
3. What is the first of the basic needs the author boils down for investment markets in Chapter 7?
4. How is information a problem in the healthcare and insurance industries, as discussed in Chapter 5?
5. What human fallacies does the author address in the beginning of Chapter 7?
6. How does the author address the question of "getting rich quickly" in the market in Chapter 7?
7. What solution does the author consider for the problem with the black rhinoceros in Chapter 2?
8. How does the author describe the concept of maximizing profits in Chapter 1? What examples does he give?
9. What example does the author give for the negative effect of incentives in Chapter 2?
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
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 2
Describe and analyze the author's concepts of productivity, education, and standard of living in Chapter 6. How does productivity relate to human capital? How does education relate to human capital and standard of living? How has education changed in the past 20 years?
Essay Topic 3
Define and discuss stock averages and index funds. What are mutual funds and how are they implemented in an investment strategy? What are ways suggested by the author to minimize risk when investing? What is "insider trading" and how does it impact the economy as a whole?
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This section contains 916 words (approx. 4 pages at 300 words per page) |
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