#ChapterQuestionABCDAnswer
1MegaThe authors argue that the majority opinion can sometimes lead to:Efficient policiesMisguided policiesNo impact on policiesIncreased equalityB
2MegaThe book suggests that democracies sometimes fail to:Represent minoritiesHold free electionsAddress long-term challengesRegulate businessesC
3From the Mouths of BabesPreference falsification can lead to:Better decision makingDistorted policy outcomesClearer communicationImproved economic modelsB
4From the Mouths of BabesThe concept of ‘preference falsification’ is important in understanding:Market dynamicsVoting behaviorCorporate strategiesInternational tradeB
5The Pains from TradeThe authors argue that globalization has:Only positive effectsOnly negative effectsMixed effects on different groupsNo significant effectC
6The Pains from TradeAccording to the book, trade policies should:Always promote free tradeBe tailored to protect vulnerable groupsFocus on technology exportsIgnore global trendsB
7The End of Growth?The slowing down of economic growth is attributed to:Technological stagnationA variety of complex factorsDecreased globalizationPoor policy decisionsB
8The End of Growth?In discussing economic growth, the authors highlight the importance of:DeregulationPrivatizationInvestment in human capitalReducing trade barriersC
9Player PianoThe impact of automation on the job market is:Entirely positiveEntirely negativeComplex and variedNonexistentC
10Player PianoAutomation anxiety relates to fears about:Decreased consumer choiceIncreased costsJob displacementPoor product qualityC
#ChapterQuestionABCDAnswer
11Cash and CareThe authors argue that state welfare systems should primarily focus on:Economic growthDirect aid to the most disadvantagedPromoting private sector jobsReducing taxesB
12Cash and CareWhat role do Banerjee and Duflo see for the state in economic development?Minimal involvementSignificant, particularly in social sectorsOnly in crisis situationsDetrimental interferenceB
13Hot, Flat, and CrowdedThe book’s view on migration is that:It’s overall negativeIt has both positive and negative impactsIt’s irrelevant in modern economiesIt should be completely unrestrictedB
14Hot, Flat, and CrowdedIn discussing migration, the authors suggest that receiving countries:Suffer economicallyBenefit in several waysDo not experience any impactShould impose stricter controlsB
15Legit.govThe crisis of the state discussed in the book refers to:Economic collapseLoss of credibility and effectivenessMilitary overreachTechnological underdevelopmentB
16Legit.govTo address the state crisis, the authors suggest:Privatization of state functionsReforming institutions for greater transparencyIncreased military spendingComplete overhaul of political systemsB
17In Our Own ImageAccording to the book, economic policy is often shaped by:Technological advancementsHistorical eventsHuman biases and preferencesPurely economic factorsC
18In Our Own ImageThe book argues that for better economic policy-making:Mathematical models need to be prioritizedEmpirical evidence should be heavily consideredTheoretical assumptions are sufficientHistorical data is keyB
19MegaThe authors discuss the impact of majority opinion in democracies, suggesting it can sometimes lead to:Efficient and fair policiesShort-sighted and populist measuresNo significant changesEnhanced minority rightsB
20From the Mouths of BabesThe book suggests that preference falsification in public choices can lead to:Enhanced policy effectivenessPolicies that don’t reflect true public needsClearer political communicationMore democratic outcomesB
21The Pains from TradeRegarding globalization, the book argues that:It benefits all participants equallyIts benefits and losses are unevenly distributedIt is no longer relevantIts negative effects outweigh the positivesB
22The End of Growth?The authors’ view on the global economic slowdown focuses on:The inevitability of economic cyclesComplex factors including policy and demographic changesThe failure of capitalismTechnological stagnationB
23Player PianoIn the context of automation, the book discusses:The transient nature of job displacementLong-term impacts on employment patternsThe inevitability of full automationAutomation as solely beneficialB
24Cash and CareThe role of the state in economic welfare, according to the book, involves:Primarily focusing on economic growthBalancing market forces with social welfare needsAvoiding interference in marketsFocusing solely on healthcare and educationB
25Hot, Flat, and CrowdedThe authors’ stance on migration includes the view that:It should be heavily regulatedIt has nuanced economic and social impactsIt is predominantly harmfulNo policy changes are neededB
26Legit.govThe book’s discussion on the state crisis emphasizes the need for:Larger governmentMore effective and accountable governanceReduced public spendingA focus on international relationsB
27In Our Own ImageEconomic policy-making, as discussed in the book, is significantly influenced by:Global economic trendsHuman psychological factorsOnly empirical dataPolitical ideologiesB
28MegaIn addressing the tyranny of the majority, the authors suggest:Stronger autocratic systemsInstitutions that protect minority interestsLess government interventionA focus on majority preferencesB
29From the Mouths of BabesThe concept of preference falsification is important for understanding:Economic modelingPolitical and social behaviorsCorporate decision-makingInternational relationsB
30The Pains from TradeThe mixed effects of globalization discussed in the book include:Uniform economic growth across nationsVaried impacts on employment and industriesNo significant changes in wealth distributionGlobal cultural homogenizationB
31The End of Growth?In discussing economic growth, the authors argue for the importance of:Reducing government interventionInvesting in human capital and infrastructureFocusing solely on technology advancementPrioritizing environmental concernsB
32Player PianoThe book’s view on automation and the job market suggests that:All job losses will be temporarySome sectors will face permanent displacementAutomation will create more jobs than it destroysAutomation is generally harmfulB
33Cash and CareBanerjee and Duflo argue that state welfare systems are crucial for:Promoting free market principlesProviding a safety net for the disadvantagedEncouraging private sector investmentsReducing government expenditureB
34Hot, Flat, and CrowdedThe authors suggest that migration policies should:Focus on strict border controlsConsider the complex impacts on both source and destination countriesEncourage total free movementBe based solely on economic needsB
35Legit.govTo address the crisis of credibility and effectiveness of the state, the book recommends:Privatizing many government functionsImproving transparency and accountabilityFocusing on international diplomacyIncreasing military spendingB
36In Our Own ImageThe book argues that economic policy is often shaped more by what than by pure economic factors?Political agendasHuman biases and preferencesTechnological advancementsHistorical precedentsB
37MegaThe authors discuss how majority opinion in democracies can sometimes lead to policies that are:Long-term and strategicPopulist and not necessarily in the best interest of allOnly beneficial for the eliteConsistently fair and balancedB
38From the Mouths of BabesPreference falsification can lead to public choices that are:More aligned with democratic idealsNot truly reflective of public needs and opinionsMore efficient and effectiveLess influenced by political agendasB
39The Pains from TradeThe authors suggest that a key to managing the effects of globalization is to:Fully embrace free tradeCreate policies that protect those adversely affectedReject globalization entirelyFocus on digital economiesB
40The End of Growth?The global economic slowdown, according to Banerjee and Duflo, is partly due to:A lack of natural resourcesDemographic changes and policy decisionsInevitable economic cyclesTechnological stagnationB
41Player PianoThe book argues that the long-term impact of automation on employment is:Completely positiveComplex and uncertainEntirely negativeNegligible in the grand scheme of thingsB
42Cash and CareIn discussing the role of the state in economic welfare, the authors emphasize:The need for minimal state interventionThe balance between market forces and social needsA shift towards privatizationA focus on international aidB
43Hot, Flat, and CrowdedThe nuanced view on migration presented in the book suggests that policies should:Limit migration as much as possibleBalance economic, social, and humanitarian factorsPromote completely open bordersBe determined solely by economic impactB
44Legit.govThe crisis of the state as discussed in “Good Economics for Hard Times” involves:Financial mismanagementA loss of public trust and effectivenessExternal threatsA decline in bureaucratic expertiseB
45In Our Own ImageThe authors suggest that for more effective economic policy-making, it is crucial to:Focus on theoretical economic modelsUnderstand and account for human behaviorPrioritize historical dataRely exclusively on empirical evidenceB
46MegaThe discussion of the majority’s influence in democracies raises concerns about:The stability of democratic systemsThe potential for overlooking long-term goalsThe efficiency of government operationsThe role of political partiesB
47From the Mouths of BabesPreference falsification in public choices is shown to potentially lead to:More rational decision-makingPolicies misaligned with actual public preferencesBetter representation of minoritiesIncreased public trust in the governmentB
48The Pains from TradeThe authors’ stance on globalization emphasizes:Its unequivocal benefitsIts differential impacts on various social groupsIts role in causing economic crisesIts irrelevance in the modern worldB
49The End of Growth?In addressing the global economic slowdown, Banerjee and Duflo highlight the need for:A return to traditional economic modelsInvestment in education and infrastructureA focus on reducing government debtEmphasizing environmental sustainabilityB
50Player PianoThe impact of automation, as discussed in the book, primarily concerns:Consumer choice and preferencesThe future of employment and job securityThe ethics of machine intelligence