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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. The minimum wage causes:
(a) social unrest
(b) no effect on employment levels
(c) higher employment levels
(d) unemployment
2. Who would benefit the most from an increased quality of schooling from a school voucher program?
(a) the middle income classes
(b) the upper income classes
(c) lower income classes
(d) all income classes would benefit equally
3. The amount of time from the increase in the quantity of money and the rise in prices is about:
(a) immediate
(b) one year
(c) six months
(d) eighteen months
4. The Food and Drug Administration performs all of the following functions but:
(a) writing prescriptions
(b) advertising requirements
(c) labeling requirements
(d) testing new drugs
5. In the tobacco economy, inflation occurred when there was:
(a) too much tobacco
(b) too little tobacco
(c) they switched to wampum
(d) no tobacco
Short Answer Questions
1. In Great Britain, the post World War II trend has been toward:
2. Government policies are affected by:
3. Friedman believes that the income tax system is:
4. The first schools were:
5. The growth of bureaucracy leads to:
Short Essay Questions
1. What does Friedman feel has been more damaging that government spending in terms of government controls?
2. How do industries gain control, or capture, the commission that regulates them?
3. What is the scope of the Consumer Products Safety Commission?
4. Why do increases in the minimum wage result in unemployment?
5. Do all workers benefit from unions?
6. What is inflation?
7. What is the big advantage of the school voucher programs?
8. What have parents been complaining of in recent years regarding public education?
9. What are Friedman's views regarding big government?
10. As America was settled, what was one of the first things communities established?
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This section contains 606 words (approx. 3 pages at 300 words per page) |
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