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Naked Economics

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Naked Economics Summer Reading Quiz

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Questions 15

Answers

1
Ch 4: In a "true act of political courage" (p93), in 2008 the EU acted boldly to legalize:
beef imported from the US
same sex marriage
marijuana
ugly fruits and vegetables
2
Ch 9: The UN created the following index as an alternative to GDP:
SPI (Social Progress Index)
HDI (Human Development Index)
GNP (Gross National Product)
GNH (Gross National Happiness)
3
Ch 5: Branding informs us that you would likely choose McDonalds over the following shop:
Taco Bell
Wendy's
Burger King
Chuck's Big Burger
4
Ch 3: Charles Wheelan has owned all of the following cars EXCEPT
a Ford Explorer
a Mini Cooper
a Volvo
a Honda Civic
5
Ch 7: Efficient markets theory teaches us that at the grocery store you should:
just pick a line and stand in it
choose the line with the elderly lady who loves coupons
switch lines a minimum of 3 times
study the lines for 20 minutes before committing
6
Ch 11: In economics, "PPP" stands for
Peach Pear Plum
Purchasing Power Parity
Purchasing Pretty Pennies
Peter Piper's Peppers
7
Ch 2: All of these were used to explain the principal-agent problem EXCEPT
credit agency behavior
airlines requiring infants to be in car seats on planes
getting a receipt with your fast food meal
CEO behavior vs. stockholders
8
Ch 6: Due to increased human capital, college grads earn this much more than high school grads
100%
40%
80%
20%
9
Since this book was published, Ben Bernanke is out as Fed Chairman and this person is in:
Alan Greenspan
Jerome (Jay) Powell
Charles Wheelan
Janet Yellen
10
Trivia: In 2009, Wheelan ran unsuccessfully for the following public office in Illinois:
treasurer
5th congressional district
governor
comptroller of the currency
11
Ch 12: Comparative advantage and specialization teach us that the gains from trade:
outweigh the losses
equal the losses
cannot be determined
are unclear and nations should close their borders
12
Ch 13: this is the value of property held but not legally owned by people in developing nations
$9 trillion
$90 trillion
$900 billion
$90 billion
13
Ch 8: When it comes to special interest group politics, it pays to be:
small
average-sized
big
tall
14
Trivia: Charles Wheelan, author of Naked Economics, also wrote:
Naked Sociology
Naked Statistics
Naked Calculus
Naked Presidents
15
Ch 1: According to Wheelan (and economists), why did the chicken cross the road?
to get to the other side
just because - does there need to be a reason?
because it maximized his utility
because a fox was chasing it