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

2. Most of the funding for public education is provided by the:
(a) city
(b) county
(c) state
(d) federal government

3. Which of the following is not a method of unions securing higher wages?
(a) enforcing a higher wage
(b) restricting jobs
(c) collusion with the employer
(d) the free market

4. What problems have there been with unions?
(a) not enough members
(b) fraud
(c) misuse and misappropriation of funds
(d) salaries lag the non-union sector

5. In Virginia in the 1600s, what functioned as money?
(a) beads
(b) wampum
(c) gold
(d) tobacco

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

7. The purpose of the EPA is to:
(a) promote safer working environments
(b) protect and enhance the environment
(c) regulate landscaping
(d) promote nicer looking neighborhoods

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

9. Which of the following is not a way of rationing high paying jobs:
(a) nepotism
(b) hiring anyone
(c) featherbedding
(d) corruption

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

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

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

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

14. At the time the book was written, how many workers belonged to unions?
(a) one in four
(b) one in five
(c) one in two
(d) one in three

15. In Great Britain, the post World War II trend has been toward:
(a) Communism
(b) liberal capitalism
(c) laissez-faire
(d) Fabian socialism and New Deal liberalism

Short Answer Questions

1. The reason given for regulation of industry is to:

2. During a hyperinflation:

3. Printing new money to increase the quantity of money is:

4. The Food and Drug Administration performs all of the following functions but:

5. Regarding public and private colleges and universities, the number of students who complete the undergraduate degrees is:

(see the answer keys)

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