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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. Free markets lead to:
(a) less individual freedom
(b) bankruptcy
(c) greater individual freedom
(d) economic tyrrany

2. The major welfare program in the United States is:
(a) food stamps
(b) Old Age Survivors and Dependants Insurance program
(c) Medicaid
(d) housing assistance

3. What program would allow greater choices for parents?
(a) the school voucher program
(b) being able to select any school
(c) sending children to private schools
(d) making all education private

4. The infant industry argument for protection says a:
(a) all new industries should be given protection
(b) only certain industries should receive protection
(c) new industry should be given protection until it matures and can compete on its own
(d) no industries should receive protection

5. When the Fed sells bonds:
(a) the economy experiences inflation
(b) depositors see a decline in their bank accounts
(c) the banks can make more loans
(d) the monetary reserves of the banking system decrease

Short Answer Questions

1. Policies based on fair shares or 'to each according to his needs' have resulted in severe lack of liberties in all but the following:

2. An unfavorable balance of payments situation meant:

3. What functions as the central bank for the United States?

4. New Deal temporary programs included all but:

5. Equality before the law refers to all but:

(see the answer key)

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