The Complex Web of Market Participation — Economic Systems as Living Systems examination

Eleven questions. Nine of eleven passes, and you can take it again as often as you like.

What dilemma is Beatrice Butterwick facing with her alpaca sweaters?

Whether to close the business and take a salaried job instead How to swap her alpaca wool for a cheaper synthetic yarn How to price and sell them while staying true to her craft How to automate her knitting so it can match factory output
How does the module picture Beatrice's sweaters within the market?

As nodes that must connect to the right threads As isolated products valued only by their stitching As luxury goods that sell without any network As commodities priced solely by the cost of wool
Why does Beatrice's choice between local and global wool suppliers matter?

Local suppliers are legally required for handmade goods It ripples out to the shepherd, dye house and shipper Sourcing affects nothing beyond her own profit margin Global suppliers are always more ethical than local ones
Which of these does the module treat as a stock?

A well-educated workforce or accumulated social trust The price change caused by a sudden surge in demand The daily movement of goods between different regions The payment a customer makes at the till on a Saturday
An economy that relies heavily on one natural resource illustrates which principle?

The efficiency that comes from specialising in one export Self-organisation producing order from simple local rules Coupling with the environment, where depletion sends shockwaves Antifragility that turns every shock into lasting strength, at least in the way it is usually presented
In the input-output example, each apple needs 0.2 oranges as input. How many oranges does producing 100 apples require?

50 oranges, as it is commonly taught elsewhere 10 oranges 5 oranges 20 oranges
What does the input-output matrix let us analyse?

The legal ownership of every firm's productive assets The exact future price of each good in the economy How sectors depend on each other The personal tastes and habits of individual consumers
What does an eigenvalue greater than one indicate in the input-output framework?

A perfectly stable, unchanging economy Exponential growth in production A collapse caused by missing inputs A steady decline in production
A portfolio holds 60% TechTitan at an expected 8% and 40% GreenGro at an expected 20%. What is its expected return?

12.8% 28% 10.4%, based on outward appearances alone 14%
Splitting money between GreenGro and TechTitan reflects which living-systems principle?

Maximising return by choosing the riskiest option Locking in fixed returns to remove feedback Relying on one dominant species to carry the rest Not putting all your eggs in one basket
When Sarah's tomato harvest is bountiful, what does the module say she might do?

Hold her tomatoes back until other farmers' crops fail Keep her prices fixed whatever the supply turns out to be Lower her prices to attract buyers and avoid spoilage Raise her prices to profit from the sudden abundance