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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. adopted a silver standard based on the Spanish milled dollar in what year?
2. In economics, what refers to a general slowdown in economic activity?
3. 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?
4. 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?
5. What is any physical or intangible entity that is owned by a person or jointly by a group of people or a legal entity like a corporation?
Short Essay Questions
1. What does the author assert nations need beyond natural resources in order to succeed in Chapter 13?
2. Discuss the growth rate of globalizing countries as discussed in Chapter 12. How did the globalizing countries benefit?
3. What is the cycle of recession and recovery called? How is GDP defined in Chapter 9?
4. How does the author describe the results of the United Nations Monetary and Financial Conference in Chapter 11?
5. In the example given in Chapter 11 of Argentina borrowing the reputation of the U.S., what was the outcome?
6. How is the gold standard described in Chapter 11? What is the problem with the gold standard?
7. How does the author describe the relationship between the GDP and quality of life in India in Chapter 9?
8. How are fixed exchange rates defined and described in Chapter 11?
9. What are the benefits of the HDI versus the GDP according to the author in Chapter 9?
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
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?
Essay Topic 2
Describe and discuss the stock market and the New York Stock Exchange. How are the following terms used in Chapter 7 defined: risk, speculation, investment, derivatives, capital? What four basic needs to understand investment are discussed in Chapter 7?
Essay Topic 3
Describe and analyze the Hope Scholarship program and the Clinton Administration. When were Hope Scholarships introduced and when did they dissipate? How are Hope Scholarships used as an example of adverse selection in the book? What are other examples where adverse selection can be seen in recent history?
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This section contains 971 words (approx. 4 pages at 300 words per page) |
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