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

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Final Test - Easy

Name: _________________________ Period: ___________________

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

Multiple Choice Questions

1. The regulation of employment practices and safety standards in the workplace is performed by:
(a) FEMA
(b) Department of Labor
(c) Office of Safety and Health Administration
(d) EPA

2. The Food and Drug Administration performs all of the following functions but:
(a) advertising requirements
(b) testing new drugs
(c) labeling requirements
(d) writing prescriptions

3. According to Friedman what was not a reason for accelerated U.S. monetary growth over a fifteen-year period?
(a) the full employment policy of the government
(b) workers demanding raises
(c) rapid growth in government spending
(d) the Federal Reserve following the wrong policy

4. According to Friedman, the way to cure inflation is to:
(a) reduce the rate of monetary growth
(b) force consumers to increase their savings
(c) promote spending policies
(d) limit the amount of goods and services available for sale

5. The reason given for regulation of industry is to:
(a) force higher prices
(b) protect the consumer
(c) protect the industry from the effects of competition
(d) stabilize the industry

6. In Great Britain:
(a) labor unions are weak
(b) there are no labor unions
(c) most labor unions represent workers of nationalized industry
(d) workers represent themselves

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

8. Who would benefit the most from an increased quality of schooling from a school voucher program?
(a) the middle income classes
(b) all income classes would benefit equally
(c) lower income classes
(d) the upper income classes

9. The Interstate Commerce Commission was formed to regulate:
(a) railroads
(b) trucking
(c) air traffic
(d) trade between states

10. Modern labor unions trace their roots back:
(a) the Egyptians
(b) to medical men in ancient Greece
(c) ancient Rome
(d) Great Britain

11. What program would allow greater choices for parents?
(a) the school voucher program
(b) making all education private
(c) being able to select any school
(d) sending children to private schools

12. As a result of inflation:
(a) one dollar buys more goods and services
(b) consumers feel richer
(c) one dollar buys fewer goods and services
(d) consumers buy more goods and services

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

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

15. Most Western nations have experienced:
(a) no change in the size of national government
(b) growth of national government
(c) decrease in the growth of government
(d) laws limited the growth of government

Short Answer Questions

1. Special interest groups result in:

2. Gresham's Law says that:

3. Before the formation of the ICC, the railroad industry experienced all but the following:

4. Barter:

5. Which of the following laws is not specifically aimed at protection of workers?

(see the answer keys)

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