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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 is an economic principle that states "Bad money drives out good"?
2. What is an assistance paid to a business or economic sector?
3. The United Nations Monetary and Financial Conference was commonly known as what?
4. Nonperforming loans and bad investments caused the banks to suffer in Iceland, and by the fall of 2008, how many major banks in the country were defunct according to the author in Chapter 11?
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 public policy in Chapter 8? What problems do politicians face in this area?
2. What are the benefits of the HDI versus the GDP according to the author in Chapter 9?
3. What did Mark Miringhoff propose as a measure for economies, as described in Chapter 9?
4. How are fixed exchange rates defined and described in Chapter 11?
5. What can be seen about the American economy by looking at the GDP, as illustrated in Chapter 9?
6. Discuss the growth rate of globalizing countries as discussed in Chapter 12. How did the globalizing countries benefit?
7. How does the author describe the recessions of the U.S. and the Japanese in Chapter 9?
8. How does the author illustrate time and price value in America in Chapter 9?
9. What is the HDI? How is it described in Chapter 9?
10. How are the complications of international exchange rates described in Chapter 11?
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 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 Douglas Ivester, the Coca-Cola Company, and the toppling of the Berlin Wall. When did the Berlin Wall come down and what did this mean in terms of the U.S.S.R.? What is brand recognition? In what ways does the author laud Ivester's tactic for marketing?
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This section contains 911 words (approx. 4 pages at 300 words per page) |
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