Free to Choose: A Personal Statement Test | Final Test - Easy

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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. All but the following are functions of the CPSC:
(a) advertising
(b) to help consumers evaluate products
(c) development of standards for consumer products
(d) conduct safety tests on products

2. Private education prevailed until the:
(a) 1950s
(b) 1920s
(c) 1930s
(d) 1940s

3. In Western nations, when a government doesn't achieve its economic goals:
(a) nothing happens
(b) they keep trying
(c) the situation continues
(d) there is usually a change of regimes

4. All but one of the following are the result of the growth of government:
(a) higher costs
(b) more special interest groups
(c) lower costs
(d) more paperwork

5. The railroads:
(a) refused to join the ICC
(b) bitterly opposed the formation of the ICC
(c) used the ICC to support their price fixing and market sharing agreementsq
(d) ignored the ICC

6. What does Friedman believe would be an effective way of reversing the trend toward bigger government?
(a) eliminating special interest groups
(b) new legislation
(c) adoption of an economic Bill of Rights
(d) limiting budgets

7. The school voucher program would give the parents:
(a) a tax bill
(b) a tax break
(c) cash
(d) a voucher to be used at any school

8. Horace Mann is known as all but the following:
(a) the father of American public education
(b) Secretary of State
(c) crusader for free schools
(d) secretary of the Massachusetts State Board of Education

9. New drugs cannot be marketed:
(a) their profitability is proven
(b) until the drug manufacturer approves them
(c) the drug company can produce them cheaply
(d) unless the FDA determines they are safe and effective

10. All but the following have resulted from centralization in schooling:
(a) larger scale units
(b) less choice for consumers
(c) increased power for administrators
(d) more choice for consumers

11. What do higher union wages cause?
(a) more jobs
(b) higher prices
(c) no change in prices
(d) lower prices

12. The Environmental Protection Agency was formed in:
(a) 1966
(b) 1970
(c) 1972
(d) 1975

13. During a hyperinflation:
(a) wages increase faster than prices
(b) none of the above
(c) prices fail quickly
(d) prices may double during a day

14. Most of the ICC staff came from the:
(a) were laymen
(b) legislature
(c) railroad industry
(d) stock market

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

Short Answer Questions

1. Modern labor unions trace their roots back:

2. Who has the greatest amount of choice in the selection of schooling?

3. Attendance at school became mandatory in all states in:

4. Most of the funding for public education is provided by the:

5. Washington D.C.:

(see the answer keys)

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