'Narrative Economics': Buying Into Trump's Reality

'Narrative Economics': Buying Into Trump's Reality

Assessment

Interactive Video

Business, Social Studies

University

Hard

Created by

Quizizz Content

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The video explores the significance of narratives in economics, particularly how they influence markets and consumer behavior. It highlights the labor market narratives and contrasts mainstream economic views with those from the Trump administration. The discussion extends to Donald Trump's narrative strategies, emphasizing his influence through storytelling. The video concludes by examining the necessity of narrative manipulation in business, likening it to a version of Gresham's Law, and discusses the role of regulations in maintaining fair competition.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary focus of the first section regarding the role of narratives in economics?

The role of government policies in economic growth

The importance of storytelling in driving markets

The impact of interest rates on consumer spending

The influence of global trade on local economies

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does Donald Trump's narrative influence consumer behavior according to the second section?

By advocating for higher taxes on the wealthy

By promoting a minimalist lifestyle

By encouraging people to save more

By inspiring people to think big and live large

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the significance of the slogan 'Make America Great Again' as discussed in the second section?

It was seen as a promise to improve individual success

It was a call for environmental conservation

It focused on reducing government intervention

It aimed to increase international trade

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What concept is introduced in the third section regarding business practices?

The role of technology in business growth

The necessity of complete transparency

The idea of a 'fishing equilibrium' with acceptable dishonesty

The importance of reducing competition

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to the third section, how do business people generally view regulations?

They think regulations are unnecessary in a free market

They are completely against all forms of regulation

They support regulations that ensure fair competition

They believe regulations hinder innovation