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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. Where does the author live and work today?
2. According to the author in Chapter 13, some argue that high temperatures and heavy rainfall yield poor food production and and increase in what, therefore limiting a location's ability to create a thriving economy?
3. When did President Jefferson suspend the minting of silver coins in the U.S.?
4. Of the top 25 polluted cities in the world, how many are in China according to the author?
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 seventh?
Short Essay Questions
1. What does the GDP not factor in, according to the author in Chapter 9?
2. How does the author describe public policy in Chapter 8? What problems do politicians face in this area?
3. How does the author describe the recessions of the U.S. and the Japanese in Chapter 9?
4. In the example given in Chapter 11 of Argentina borrowing the reputation of the U.S., what was the outcome?
5. What does the author remark about globalization in the beginning of Chapter 12? What are the benefits of global trade?
6. What did the French president propose in measuring economies, as described in Chapter 9? What criticism did he receive?
7. How is the Federal Reserve described in Chapter 10? What is the role of the Fed?
8. How do poor countries benefit by outsourcing and global trade, as described by the author in Chapter 12?
9. Discuss the relationship between wealth and happiness. How is this illustrated in Chapter 9?
10. How does the author describe the relationship between the GDP and quality of life in India in Chapter 9?
Essay Topics
Write an essay for ONE of the following topics:
Essay Topic 1
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 2
Discuss the author's example from Chapter 2 involving Yemen and the black rhinoceros. What is the value of the black rhino's horns and why are these horns so highly sought after? How does he describe the role of ecotourism as an environmental and economical solution? When did ecotourism first develop?
Essay Topic 3
Describe and analyze the author's concepts of productivity, education, and standard of living in Chapter 6. How does productivity relate to human capital? How does education relate to human capital and standard of living? How has education changed in the past 20 years?
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This section contains 969 words (approx. 4 pages at 300 words per page) |
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