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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. Printing new money to increase the quantity of money is:
(a) highly inflationary
(b) good economic policy
(c) the only way most governments can survive
(d) good for stability

2. In the inner city schools, much of the money goes for all but the following:
(a) education
(b) maintaining discipline
(c) repairing damages from vandalism
(d) preventing vandalism

3. The legislation for the Federal Reserve System came into being as a result of:
(a) the collapse of the stock market
(b) public works programs
(c) the Great Depression of 1909
(d) runs on banks

4. Most of the funding for public education is provided by the:
(a) county
(b) federal government
(c) city
(d) state

5. All but the following have resulted from centralization in schooling:
(a) less choice for consumers
(b) larger scale units
(c) increased power for administrators
(d) more choice for consumers

Short Answer Questions

1. The Principle of Comparative Advantage states that a nation should specialize in:

2. The amount of time from the increase in the quantity of money and the rise in prices is about:

3. Which of the following is not a problem experienced by the British National Health Service?

4. Equality of outcomes is related to:

5. The New Deal programs were not carried to their completion because of:

(see the answer key)

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