Sunday, April 19, 2009

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

9 Comments:

At 4/19/2009 1:24 PM, Blogger OBloodyHell said...

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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.

 
At 4/19/2009 2:17 PM, Anonymous Anonymous said...

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.

 
At 4/19/2009 3:39 PM, Anonymous Anonymous said...

I would disagree with a few of the answers but I admit to 11 of 18 correct -- oh well.

 
At 4/19/2009 7:34 PM, Anonymous Anonymous said...

16/18 -- and I teach this stuff... lol.

 
At 4/19/2009 7:38 PM, Anonymous Anonymous said...

17/18 i teach it too but I agree with disbanding the FED ASAP

 
At 4/20/2009 7:58 AM, Blogger Thomas Blair said...

Keynesian pap. I quit after the 8th question at 7/8.

 
At 4/20/2009 9:18 AM, Blogger 1 said...

Hmmm, I have to agree with Thomas Blair and anon @ 2:17 PM...

 
At 4/20/2009 9:28 AM, Anonymous Anonymous said...

14/18 and I've never taken a formal economics lesson... I really need to stop reading these blogs!

 
At 4/20/2009 2:36 PM, Blogger goose said...

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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