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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. When did the Great Depression begin in the United States?
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 economic principle that states "Bad money drives out good"?
5. When did President Jefferson suspend the minting of silver coins in the U.S.?
Short Essay Questions
1. How does the author describe the results of the United Nations Monetary and Financial Conference in Chapter 11?
2. In the example given in Chapter 11 of Argentina borrowing the reputation of the U.S., what was the outcome?
3. How is the gold standard described in Chapter 11? What is the problem with the gold standard?
4. How is the Federal Reserve described in Chapter 10? What is the role of the Fed?
5. What does the author remark about globalization in the beginning of Chapter 12? What are the benefits of global trade?
6. How is the decline of Iceland's economy described in Chapter 11?
7. How are the complications of international exchange rates described in Chapter 11?
8. What did the French president propose in measuring economies, as described in Chapter 9? What criticism did he receive?
9. What is the ERM? What is its role according to the author in Chapter 11?
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 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
Define and discuss stock averages and index funds. What are mutual funds and how are they implemented in an investment strategy? What are ways suggested by the author to minimize risk when investing? What is "insider trading" and how does it impact the economy as a whole?
Essay Topic 3
Discuss and analyze the author's Introduction to the book. What role does Wheelan propose economics and finance has in everyday life? What, according to the author, led to the problems with Lehman Brothers? What examples does the author use for politicians using false information?
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This section contains 940 words (approx. 4 pages at 300 words per page) |
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