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. Regarding public and private colleges and universities, the number of students who complete the undergraduate degrees is:
(a) only slightly higher at pubhlic institutions
(b) higher at public institutions
(c) higher at private institutions
(d) the same at public and private institutions

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

3. Which of the following is considered a form of government assistance to construction workers?
(a) Landrum-Griffin Act
(b) Davis-Bacon Act
(c) Taft-Hartley Act
(d) Glass-Stegal Act

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

5. Barter:
(a) establishes the value of money
(b) is the exchange of one good or service for another good or service
(c) is the exchange ratio of money
(d) is the exchange of money for goods and services

6. Friedman believes that the income tax system is:
(a) based on ability to pay
(b) needs more loopholes
(c) in need of reform
(d) equitable

7. Where have labor unions been stronger than they are in the United States?
(a) Germany
(b) Spain
(c) France
(d) Great Britain

8. Government spending can be financed by all but:
(a) borrowing
(b) increasing the money supply
(c) decreasing the money supply
(d) taxes

9. Washington D.C.:
(a) is a magnet for special interest groups
(b) prohibits lobbyists
(c) limits the number of lawyers
(d) limits the number of special interests groups

10. One of the big complaints of parents is that they:
(a) have little control or choice regarding their children's education
(b) the school day is too short
(c) parents are asked to do too much with the school given their busy schedules
(d) spend too much time in parent-teacher conferences

11. Steps to limit the growth of government and spending have included all but:
(a) the formation of organizations to support limited spending
(b) nothing
(c) proposed constitutional amendment to limit spending
(d) a call for a convention to formulate a balanced budget amendment

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

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

14. Inflation results when:
(a) there is no relation between output level and money supply
(b) the money supply increases less rapidly than the level of output
(c) the money supply increases more rapidly than the level of output
(d) the money supply and the output level increase at the same rate

15. To function as a medium of exchange, an item must be:
(a) accepted in exchange for goods and services
(b) printed
(c) valuable
(d) easy to carry

Short Answer Questions

1. A school voucher program would:

2. All but one of the following are the result of the growth of government:

3. The growth of bureaucracy leads to:

4. What do higher union wages cause?

5. The minimum wage causes:

(see the answer keys)

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