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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 7, Who Protects the Consumer?.

Multiple Choice Questions

1. Kenneth B. Clark describes public school system as:
(a) inferior to private schools
(b) on the same level as private schools
(c) protected public monopolies
(d) superior to private schools

2. Which of the following is not a problem experienced by the British National Health Service?
(a) long waiting lists of patients
(b) strikes
(c) rising costs
(d) lack of citizen interest

3. The Federal Deposit Insurance Corporation:
(a) guarantees the full amount of all deposits against loss
(b) provides mortgage insurance for homeowners
(c) guarantees deposits against a loss up to a stated amount
(d) guarantees the repayment of bank loans

4. The Great Depression began in:
(a) 1929
(b) 1934
(c) 1931
(d) 1940

5. The United States banking system is:
(a) a fractional reserve system
(b) not dependent on reserves
(c) a no reserve system
(d) a full reserve system

Short Answer Questions

1. A school voucher program would:

2. After World War II government expansion was due to:

3. Equality is discussed in all but the following ways:

4. Which of the following is not a function of the price system:

5. An egalitarian supports:

(see the answer key)

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