Print
Word
PDF
|
| Name: _________________________ | Period: ___________________ |
This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.
Short Answer Questions
1. What refers to law which has been enacted by a legislature or other governing body, or the process of making it?
2. The United Nations Monetary and Financial Conference was a gathering of how many delegates?
3. According to the author in Chapter 12, studies show that globalizing countries had what percentage higher growth rate than other countries that were less integrated in the world economy?
4. What is an assistance paid to a business or economic sector?
5. 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 eighth?
Short Essay Questions
1. What is the cycle of recession and recovery called? How is GDP defined in Chapter 9?
2. How is the decline of Iceland's economy described in Chapter 11?
3. How does the author address the issues of outsourcing in Chapter 12?
4. How does the author address the issue of protectionism in Chapter 12?
5. What can be seen about the American economy by looking at the GDP, as illustrated in Chapter 9?
6. What is the ERM? What is its role according to the author in Chapter 11?
7. What is the HDI? How is it described in Chapter 9?
8. How does the author describe public policy in Chapter 8? What problems do politicians face in this area?
9. What are the motivations of those receiving subsidies, as described by the author in Chapter 8?
10. How are fixed exchange rates defined and described in Chapter 11?
Essay Topics
Write an essay for ONE of the following topics:
Essay Topic 1
Analyze and discuss recent governmental decisions which impact the economy and environment. What legislation has passed regarding oil drilling and fracking? How do these examples relate to the author's views on the government's role in environmental issues?
Essay Topic 2
Define and discuss perverse incentives in economics. What example is used from Mexico City in Chapter 2? When did this governmental action take place and what results came of the actions? How was the pollution of Mexico City affected by legislation?
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?
|
This section contains 895 words (approx. 3 pages at 300 words per page) |
|
