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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 in Chapter 1, companies want to profit, and consumers want what?
2. When was Burton G. Malkiel born?
3. In Chapter 2, the author discusses how the black rhinoceros is nearly extinct and that the horns are considered what?
4. According to the author in Chapter 2, the average annual income is what in the location where black rhinoceros horns are worth much on the black market?
5. What is an investment position intended to offset potential losses that may be incurred by a companion investment?
Short Essay Questions
1. What examples does the author give for the uninformed relaying false information in the Introduction?
2. What human fallacies does the author address in the beginning of Chapter 7?
3. What solution does the author consider for the problem with the black rhinoceros in Chapter 2?
4. What is a "diversified portfolio"? What does the author state regarding this in Chapter 7?
5. What is the difficulty of studying economics, according to the author of the Foreword? What is the role of economics in everyday activities?
6. How does the author of the Foreword describe Charles Wheelan's approach to explaining economics in "Naked Economics: Undressing the Dismal Science"?
7. What are the ramifications of decisions made in the world of finance and legislation, according to the author in the Introduction?
8. How do the resources of a country reflect its economic well-being, according to the author in Chapter 6?
9. What example does the author give for the negative effect of incentives in Chapter 2?
10. How does the author address the question of "getting rich quickly" in the market in Chapter 7?
Essay Topics
Write an essay for ONE of the following topics:
Essay Topic 1
Discuss the use of stock options as a means to develop company loyalty. Why does Michael Jenson oppose stock options? What does he refer to them as in Chapter 2? What, according to the author, motivates talented teachers to leave to go onto other professions?
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
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?
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This section contains 925 words (approx. 4 pages at 300 words per page) |
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