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. Which of the following laws is not specifically aimed at protection of workers?
(a) length of workweek
(b) workmen's compensation
(c) minimum wage legislation
(d) Medicaid

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

3. In the tobacco economy, inflation occurred when there was:
(a) no tobacco
(b) too much tobacco
(c) they switched to wampum
(d) too little tobacco

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

5. The growth of bureaucracy leads to:
(a) greater efficiency
(b) faster resolution of problems
(c) a conflict between desired objectives
(d) lower costs

6. Attendance at school became mandatory in all states in:
(a) 1875
(b) 1923
(c) 1900
(d) 1918

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

8. The trucking industry was brought under ICC jurisdiction in:
(a) 1935
(b) 1943
(c) 1952
(d) 1948

9. According to Friedman, who is most likely to produce a shoddy product?
(a) government
(b) consumers won't accept a shoddy product
(c) both government and private enterprise
(d) private enterprise

10. Parents who send their children to private schools:
(a) still pay taxes for public schools
(b) none of the above
(c) pay not taxes for public schools
(d) pay a lower amount of taxes for public schools

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

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

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

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

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

Short Answer Questions

1. What does Friedman call one of the most successful labor unions in history?

2. Objections to the school voucher plan include all but the following:

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

4. To function as a medium of exchange, an item must be:

5. Gresham's Law says that:

(see the answer keys)

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