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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. After World War II, representatives of the Allied nations gathered together where to create a sustainable financial infrastructure for the world?
2. In order to get a true understanding of an economy, there are nine factors one should consider along with the GDP according to the author in Chapter 9. What is the second?
3. What term refers to currency with no international value?
4. In the year 2000, a pair of stockings on average would cost how much, according to the author in Chapter 9?
5. In lending agreements, what is a borrower's pledge of specific property to a lender, to secure repayment of a loan?
Short Essay Questions
1. How does the author describe the importance of monetary policy in concluding the book in Chapter 13?
2. How does the author describe the results of the United Nations Monetary and Financial Conference in Chapter 11?
3. What are the motivations of those receiving subsidies, as described by the author in Chapter 8?
4. How is the Federal Reserve described in Chapter 10? What is the role of the Fed?
5. Discuss the relationship between wealth and happiness. How is this illustrated in Chapter 9?
6. How does the author describe public policy in Chapter 8? What problems do politicians face in this area?
7. How are fixed exchange rates defined and described in Chapter 11?
8. What is the cycle of recession and recovery called? How is GDP defined in Chapter 9?
9. What did Mark Miringhoff propose as a measure for economies, as described in Chapter 9?
10. How does the author address the issues of outsourcing in Chapter 12?
Essay Topics
Write an essay for ONE of the following topics:
Essay Topic 1
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 2
Discuss the biography and career of Charles Wheelan. What history and expertise does Wheelan have in the field of economics? What publications has Wheelan written for? How many books has he published? What criticism and/or awards did he earn for "Naked Economics: Undressing the Dismal Science"?
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 930 words (approx. 4 pages at 300 words per page) |
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