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

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

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

4. Which kind of worker has no protection?
(a) workers with no possible employer
(b) federal employees
(c) states employees
(d) employees of a conglomerate

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

6. 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 and the output level increase at the same rate
(d) the money supply increases more rapidly than the level of output

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

8. Friedman's view is that everyone who wants a higher education:
(a) should receive government funding
(b) should have the higher education if he/she is willing to pay for it
(c) should find a sponsor
(d) should be financed

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

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

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

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

13. Printing new money to increase the quantity of money is:
(a) the only way most governments can survive
(b) highly inflationary
(c) good economic policy
(d) good for stability

14. Gresham's Law says that:
(a) good money drives out bad
(b) good money decreases
(c) bad money drives out good
(d) good money multiplies

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

Short Answer Questions

1. What must an interstate public carrier have in order to operate?

2. Steps to limit the growth of government and spending have included all but:

3. The airline industry is regulated by:

4. Friedman believes that the income tax system is:

5. The amount of time from the increase in the quantity of money and the rise in prices is about:

(see the answer keys)

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