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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 9, The Cure for Inflation.

Multiple Choice Questions

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

2. As a result of inflation, there is:
(a) an increase in prices
(b) more goods and services to buy
(c) decrease in prices
(d) no change in prices

3. The words equality and liberty come from the:
(a) welfare legislation
(b) dictionary
(c) common usage
(d) Declaration of Independence

4. Friedman's view is that everyone who wants a higher education:
(a) should be financed
(b) should find a sponsor
(c) should have the higher education if he/she is willing to pay for it
(d) should receive government funding

5. After World War II there was a lot of interest in:
(a) imperialism
(b) central economic planning
(c) laissez-faire capitalism
(d) the price system

Short Answer Questions

1. Regarding the depression, Roosevelt's adviser's believed in:

2. When did the concepts of equality before God and the law begin to come closer together?

3. The airline industry is regulated by:

4. In regard to equality and liberty:

5. Horace Mann is known as all but the following:

(see the answer key)

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