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

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

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

4. In terms of goods, the price of money:
(a) equal to the price of the good
(b) is one third the price of goods
(c) is the reciprocal of the price of goods in terms of money
(d) not possible to determine

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

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

7. What did Pat Brennan and her husband do in Rochester, New York?
(a) they challenged a postal increase
(b) they established a business that competed with the United States Post Office
(c) they supported measures to limit the growth of business
(d) they became lobbyists

8. What is not one of the real forces that determine the wealth of a nation?
(a) productivity
(b) resources
(c) mode of political and economic organization
(d) geographic area

9. In the mid-nineteenth century, the intellectual beliefs favored:
(a) public ownership
(b) limited international trade
(c) free trade and private enterprise
(d) government control of the economy

10. Government policies are affected by:
(a) personal desires
(b) the intellectual climate
(c) the desire of the press
(d) money

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

12. The first schools were:
(a) public with voluntary attendance
(b) `public with mandatory attendance
(c) private with voluntary attendance
(d) private with mandatory attendance

13. Friedman favors:
(a) limiting the growth of government
(b) bigger government
(c) more government controls
(d) expanding the scope of government

14. Who has the greatest amount of choice in the selection of schooling?
(a) the wealthy
(b) the indigent
(c) the middle income group
(d) all have equal choice

15. 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

Short Answer Questions

1. The railroads:

2. What does Friedman believe would be an effective way of reversing the trend toward bigger government?

3. The union does all but the following for its members:

4. In the inner city schools, much of the money goes for all but the following:

5. Private education prevailed until the:

(see the answer keys)

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