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This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

1. Before the formation of the ICC, the railroad industry experienced all but the following:
(a) bakruptcies
(b) low freight rates
(c) stability
(d) low passenger rates

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

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

4. The Environmental Protection Agency was formed in:
(a) 1972
(b) 1975
(c) 1966
(d) 1970

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

Short Answer Questions

1. One of the big complaints of parents is that they:

2. The minimum wage causes:

3. Which kind of worker has no protection?

4. Who would benefit the most from an increased quality of schooling from a school voucher program?

5. During a hyperinflation:

Short Essay Questions

1. What are the political realities of a democratic system, according to Friedman?

2. As America was settled, what was one of the first things communities established?

3. What is the big advantage of the school voucher programs?

4. After the Depression and the centralization of government, education and schooling also became centralized. What are the effects of this centralization?

5. In what ways is the American Medical Association a labor union?

6. What effect do special interest groups have upon government?

7. What is the cure for inflation?

8. Who led the effort for public education?

9. What can function as money?

10. What are Friedman's views regarding big government?

(see the answer keys)

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