Econ 2009 Quiz
Test your knowledge of economic theory with this 18-question quiz, based on questions from past Advanced Placement exams, from the NY Times.
HT: Greg Mankiw
CARPE DIEM
Professor Mark J. Perry's Blog for Economics and Finance
Sunday, April 19, 2009
HT: Greg Mankiw
About Me
- Name: Mark J. Perry
- Location: Washington, D.C., United States
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
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9 Comments:
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> ethanol is proving to be a bust
I predicted everything that happened -- from jacked up food prices to the ethical conundrum between making fuel from our surplus and feeding people with it.
This whole idea was blatantly, inarguably wrongheaded from the get-go, on a number of levels.
This quiz is broken as early as the second question. What is the "correct" response for the Federal Reserve? Umm, the one not listed: disband immediately and leave the provision of supply and demand for money to the free market rather than a bunch of socialist bureaucrats in suits.
No offense to the pseudo free-market libertarians who support the Federal Reserve.
I would disagree with a few of the answers but I admit to 11 of 18 correct -- oh well.
16/18 -- and I teach this stuff... lol.
17/18 i teach it too but I agree with disbanding the FED ASAP
Keynesian pap. I quit after the 8th question at 7/8.
Hmmm, I have to agree with Thomas Blair and anon @ 2:17 PM...
14/18 and I've never taken a formal economics lesson... I really need to stop reading these blogs!
17/18 and Mankiw was my professor. I learned way more after school than ever in it. They need to teach real life application of economics and not charts, lines, curves and marginal utility.
OBTW, his negative interest rate piece is out of left field.
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