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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 publication commented on the French president's desire to come up with a way to measure human happiness, saying that it's like asking experts to put a number on spiritual matters?
2. From 1997 to 2002, Charles Wheelan was the Midwest correspondent for what publication?
3. In finance, what between two currencies is the rate at which one currency will be exchanged for another?
4. When was the first edition of "Naked Economics: Undressing the Dismal Science" published?
5. When did the United Nations Monetary and Financial Conference take place?
Short Essay Questions
1. How is the Federal Reserve described in Chapter 10? What is the role of the Fed?
2. How is the decline of Iceland's economy described in Chapter 11?
3. What are the motivations of those receiving subsidies, as described by the author in Chapter 8?
4. Discuss the growth rate of globalizing countries as discussed in Chapter 12. How did the globalizing countries benefit?
5. What is the cycle of recession and recovery called? How is GDP defined in Chapter 9?
6. What is the ERM? What is its role according to the author in Chapter 11?
7. What does the author remark about globalization in the beginning of Chapter 12? What are the benefits of global trade?
8. What is the HDI? How is it described in Chapter 9?
9. How does the author describe the results of the United Nations Monetary and Financial Conference in Chapter 11?
10. How does the author describe the recessions of the U.S. and the Japanese in Chapter 9?
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, analyze and discuss the healthcare and insurance industries in the United States. What national legislation was recently passed which broached the issues of healthcare? How effective was this legislation? How do these industries represent inequality in regard to information?
Essay Topic 3
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?
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This section contains 935 words (approx. 4 pages at 300 words per page) |
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