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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 4, Cradle to Grave.

Multiple Choice Questions

1. Regarding the depression, Roosevelt's adviser's believed in:
(a) aggressive intervention by government
(b) a balanced budget
(c) no intervention in the economy
(d) waiting for the economy to heal itself

2. The Great Depression began in:
(a) 1931
(b) 1929
(c) 1940
(d) 1934

3. Prices function to transmit information to all but:
(a) no one in particular
(b) sellers
(c) manufacturerr
(d) buyers

4. International trade theory is based on:
(a) inflows and outflows
(b) the principle of absolute advantage
(c) the principle of comparative advantage
(d) geography

5. What interferes with the transmittal of information by prices?
(a) actions of buyers
(b) actions of sellers
(c) actions of manufacturers
(d) Governmental control of prices

Short Answer Questions

1. What is a good source of information on prices and markets?

2. After World War II there was a lot of interest in:

3. The only kind of capital:

4. A deposit represents:

5. The national security argument for protection states that:

(see the answer key)

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