View a FREE sample

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

Multiple Choice Questions

1. Which of the following was not a part of the 1964 War on Poverty program?
(a) food stamps
(b) Medicaid
(c) Medicare
(d) Social Security

2. A tariff implemented to raise employment in the domestic nation:
(a) benefits all consumers
(b) benefits all workers
(c) has no effect on employment
(d) lowers employment in the foreign nation

3. A change in prices affects all but the following:
(a) nothing
(b) wages
(c) incentrive to act on information
(d) procedures income

4. The first schools were:
(a) public with voluntary attendance
(b) private with voluntary attendance
(c) `public with mandatory attendance
(d) private with mandatory attendance

5. According to Friedman, who is most likely to produce a shoddy product?
(a) private enterprise
(b) government
(c) both government and private enterprise
(d) consumers won't accept a shoddy product

Short Answer Questions

1. Where have labor unions been stronger than they are in the United States?

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

3. Union high wages are usually at the expense of:

4. The airline industry is regulated by:

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

(see the answer key)

This section contains 232 words (approx. 1 page at 300 words per page) View a FREE sample