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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. The U.S. Treasury began doing business only in gold or silver coin as part of the Independent Treasury Act of what year?
2. The United Nations Monetary and Financial Conference was commonly known as what?
3. What is generally the principled guide to action taken by the administrative or executive branches of the state with regard to a class of issues in a manner consistent with law and institutional customs?
4. In Chapter 13, the author states that according to the United Nations Food and Agriculture Organization, over how many people in this world don't get enough to eat?
5. What is an economic principle that states "Bad money drives out good"?
Short Essay Questions
1. In the example given in Chapter 11 of Argentina borrowing the reputation of the U.S., what was the outcome?
2. How are the complications of international exchange rates described in Chapter 11?
3. How is the Federal Reserve described in Chapter 10? What is the role of the Fed?
4. How is the decline of Iceland's economy described in Chapter 11?
5. How does the author address the issues of outsourcing in Chapter 12?
6. What did Mark Miringhoff propose as a measure for economies, as described in Chapter 9?
7. How are fixed exchange rates defined and described in Chapter 11?
8. Discuss the growth rate of globalizing countries as discussed in Chapter 12. How did the globalizing countries benefit?
9. What is the HDI? How is it described in Chapter 9?
10. How does the author illustrate time and price value in America in Chapter 9?
Essay Topics
Write an essay for ONE of the following topics:
Essay Topic 1
Discuss the career of economist Burton G. Malkiel and the efficient market hypothesis. When was the efficient market hypothesis developed? What ideas are presented in Malkiel's "A Random Walk Down Wall Street"? What does Malkiel write in the Forward to "Naked Economics: Undressing the Dismal Science"?
Essay Topic 2
Define human capital and discuss how this term applies to the biographies and careers of Bill Gates and Gary Becker. How is a person's human capital valuated? How is income inequality worsened by the recession that began in 2008? How has the divide between those working on Wall Street and those working in the Main Street sector grown bigger? Why?
Essay Topic 3
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?
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This section contains 944 words (approx. 4 pages at 300 words per page) |
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