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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. What is a fee paid by a borrower of assets to the owner as a form of compensation for the use of the assets?
2. According to the author in Chapter 2, a horn from a black rhinoceros can fetch what amount on the black market?
3. What country withdrew from OPEC in 2008 after it became a net importer of oil?
4. What refers to the stock of competencies, knowledge and personality attributes embodied in the ability to perform labor so as to produce economic value?
5. What does OPEC stand for?
Short Essay Questions
1. How does the author describe the tactics used by OPEC in Chapter 1?
2. What examples does the author give for the uninformed relaying false information in the Introduction?
3. How does the author of the Foreword describe Charles Wheelan's approach to explaining economics in "Naked Economics: Undressing the Dismal Science"?
4. 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?
5. Who wrote the book's Foreword? What does this individual say regarding the perception of economics and economists?
6. How does the author describe Douglas Ivester's marketing tactic in Chapter 1?
7. How is branding described as an economic strategy in Chapter 5?
8. How does the health of the economy affect income inequality, according to the author in Chapter 6?
9. How is the black rhinoceros described in Chapter 2? What are the horns of the animal worth in Yemen, and why?
10. What example does the author give for the negative effect of incentives in Chapter 2?
Essay Topics
Write an essay for ONE of the following topics:
Essay Topic 1
Describe and discuss the most recent Japanese and U.S. recessions. When, according to the author, did Japan's economic decline begin? What led to it? What do these recessions have in common? How do they differ? What are the different viewpoints regarding how to pull America from its current recession? What legislation has attempted to boost the economy? Has it been effective? Why or why not?
Essay Topic 2
Describe and discuss the circumstances and impacts of monopolies. What are examples of recent monopolies in the U.S.? How were these monopolies dealt with? What governmental regulations ensure against monopoly? What does the author say can be learned from monopolies?
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 980 words (approx. 4 pages at 300 words per page) |
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