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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 Principle of Comparative Advantage states that a nation should specialize in:
(a) all goods
(b) the production of goods in which it is relatively more efficient than the other nation
(c) has the most of
(d) can get the highest price for

2. The United States banking system is:
(a) a fractional reserve system
(b) a full reserve system
(c) not dependent on reserves
(d) a no reserve system

3. Children from wealthy backgrounds have better chances in education and employment. This it not representative of:
(a) equality of outcomes
(b) equal rights
(c) equality before God
(d) equality of opportunity

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

5. Government subsidies to industry are viewed as:
(a) good economic policy
(b) a necessity
(c) unfair competition
(d) a way to increase efficiency

Short Answer Questions

1. Attendance at school became mandatory in all states in:

2. Restrictions of payments refers to:

3. Regarding public and private colleges and universities, the number of students who complete the undergraduate degrees is:

4. After World War II government expansion was due to:

5. In the inner city schools, much of the money goes for all but the following:

(see the answer key)

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