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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 6, What's Wrong with Our Schools?.

Multiple Choice Questions

1. The program that is proposed as a replacement for all welfare programs is the:
(a) welfare benefits program
(b) cradle to grave program
(c) free enterprise
(d) negative income tax program

2. An unfavorable balance of payments situation meant:
(a) nothing
(b) equality of inflows and outflows
(c) a surplus
(d) a deficit

3. The equality of outcomes approach is based on:
(a) rewarding those who work hard
(b) contribution to output
(c) incentive
(d) fair shares for everyone

4. The purpose of urban renewal projects is to:
(a) provide low cost housing
(b) eliminate slums
(c) build housing projects
(d) finance the building of offices

5. Regarding the depression, Roosevelt's adviser's believed in:
(a) aggressive intervention by government
(b) waiting for the economy to heal itself
(c) a balanced budget
(d) no intervention in the economy

Short Answer Questions

1. Fair shares programs penalize the:

2. A tariff implemented to raise employment in the domestic nation:

3. The first head of the Federal Reserve System was:

4. Friedman's view is that everyone who wants a higher education:

5. The Federal Reserve Act was legislated in:

(see the answer key)

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