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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. Equality before the law refers to all but:
(a) innate abilities
(b) nationality
(c) race
(d) religion

2. A school voucher program would:
(a) have no effect on taxes paid
(b) increase the costs of education
(c) lower taxes
(d) raise taxes

3. The legislation for the Federal Reserve System came into being as a result of:
(a) public works programs
(b) the collapse of the stock market
(c) runs on banks
(d) the Great Depression of 1909

4. New Deal temporary programs included all but:
(a) WPA
(b) medicine
(c) direct federal relief to the indigent
(d) Civilian Conservations Corps

5. What functions as the central bank for the United States?
(a) the Bank of England
(b) Chase Bank
(c) the Bank of the United States
(d) the Federal Reserve System

Short Answer Questions

1. Government interferes with the price system by:

2. Which of the following is not a problem experienced by the British National Health Service?

3. To improve their position, railroads engaged in:

4. The program that is proposed as a replacement for all welfare programs is the:

5. The command elements of every economy include things like:

(see the answer key)

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