Free to Choose: A Personal Statement Quiz Questions | Quiz: Chapter 1, The Power of the Market to Chapter 8, Who Protects the Worker?

Quiz: Chapter 1, The Power of the Market to Chapter 8, Who Protects the Worker?

This quiz consists of 5 multiple choice and 5 short answer questions.

Multiple Choice Questions

Directions: Circle the correct answer.

1. When the Fed sells bonds:
a) depositors see a decline in their bank accounts
b) the economy experiences inflation
c) the monetary reserves of the banking system decrease
d) the banks can make more loans

2. Which of the following is not a way of rationing high paying jobs:
a) corruption
b) nepotism
c) hiring anyone
d) featherbedding

3. The airline industry is regulated by:
a) the Civil Aeronautics Board
b) the Department of Transportation
c) none of the above
d) the Air Force

4. The command elements of every economy include things like:
a) forbidding the purchase and sales of heroin
b) military conscription (read more)