The Economics of Choosing the Right Career Practice Questions | Marginal Revolution University

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Practice Questions

The Economics of Choosing the Right Career Practice Questions

1. In 2014, there were _______ as many bachelor degrees conferred in information technology than in psychology. *

a. Half

b. 1.5 times

c. Twice

d. Three times

2. In 2014, the median starting salary for computer science majors was roughly ________ as much as the median starting salary for psychology majors. *

a. Half

b. 1.5 times

c. Twice

d. Three times

3. Which job is least likely to be negatively affected by increases in global markets and technology? *

a. Plumber

b. Uber driver

c. Umpire

d. Factory worker

4. What percent of jobs in the US require some form of occupational licensing? *

a. 15%

b. 25%

c. 40%

d. 50%

e. None of the above

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Principles of Economics Macroeconomics

Course (85 videos)

GDP

What Is Gross Domestic Product (GDP)?

Interactive Practice

Nominal vs. Real GDP

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Real GDP Per Capita and the Standard of Living

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Practice Questions

The Wealth of Nations and Economic Growth

Basic Facts of Wealth

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Growth Rates Are Crucial

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What Caused the Industrial Revolution?

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Growth Miracles and Growth Disasters

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The Importance of Institutions

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Geography and Economic Growth

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The Puzzle of Growth

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Growth, Capital Accumulation, and the Economics of Ideas

Introduction to the Solow Model

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Physical Capital and Diminishing Returns

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The Solow Model and the Steady State

Practice Questions

Office Hours: The Solow Model

Practice Questions

Human Capital and Conditional Convergence

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The Solow Model and Ideas

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Office Hours: The Solow Model: Investments vs. Ideas

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The Economics of Ideas

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Patents, Prizes, and Subsidies

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TED Talk: How Ideas Trump Crises

The Idea Equation

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Savings, Investment, and the Financial System

Saving and Borrowing

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What Do Banks Do?

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Intro to Stock Markets

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Intro to the Bond Market

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Office Hours: The Bond Market

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Four Reasons Financial Intermediaries Fail

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The Great Recession

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Personal Finance

How Expert Are Expert Stock Pickers?

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Can You Beat the Market?

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Investing: Why You Should Diversify

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Who Is More Rational? You or the Market?

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Econ Duel: Rent or Buy?

Unemployment and Labor Force Participation

The Economics of Choosing the Right Career

Practice Questions

Defining the Unemployment Rate

Practice Questions

Is Unemployment Undercounted?

Practice Questions

Frictional Unemployment

Practice Questions

Structural Unemployment

Practice Questions

Cyclical Unemployment

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Labor Force Participation

Practice Questions

Practice Questions

Women Working: What’s the Pill Got to Do With It?

Practice Questions

Inflation and Quantity Theory of Money

Zimbabwe and Hyperinflation: Who Wants to Be a Trillionaire?

Practice Questions

Measuring Inflation

Interactive Practice

Quantity Theory of Money

Practice Questions

Causes of Inflation

Practice Questions

Costs of Inflation: Price Confusion and Money Illusion

Practice Questions

Costs of Inflation: Financial Intermediation Failure

Practice Questions

Inflation Throughout the Ages: What Would You Do?

Interactive Practice

Office Hours: Costs of Inflation

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Why Governments Create Inflation

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Business Fluctuations

Intro to Business Fluctuations

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The Aggregate Demand Curve

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The Long-Run Aggregate Supply Curve

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Practice Questions

The Short-Run Aggregate Supply Curve

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Changes in Velocity

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Understanding the Great Depression

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Office Hours: Using the AD-AS Model

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Office Hours: Multiple Shocks with the AD-AS Model

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Business Cycle Theories

Game of Theories: The Keynesians

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Game of Theories: The Monetarists

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Game of Theories: Real Business Cycle

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Game of Theories: The Austrians

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Game of Theories: The Great Recession

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Monetary Policy and the Federal Reserve

Monetary Policy and the Fed

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The U.S. Money Supplies

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The Money Multiplier

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How the Fed Worked: Before the Great Recession

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Interactive Practice

How the Fed Works: After the Great Recession

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The Federal Reserve as Lender of Last Resort

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Monetary Policy: The Best Case Scenario

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Monetary Policy: The Negative Real Shock Dilemma

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When the Fed Does Too Much

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Fiscal Policy

Introduction to Fiscal Policy

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Fiscal Policy: The Best Case Scenario

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The Limits of Fiscal Policy

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The Dangers of Fiscal Policy

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Fiscal Policy and Crowding Out

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Exam

Principles of Economics: Macroeconomics

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