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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. Government expands through all but:
(a) nationalization
(b) regulatory activities
(c) private enterprise
(d) welfare programs

2. Open Market Operations refers to:
(a) flooding the market with junk bonds
(b) stock market operations
(c) the purchase and sale of government bonds
(d) a department store sale

3. After World War II government expansion was due to:
(a) central economic planning
(b) finance
(c) nationalization of industry
(d) commerce

4. The New Deal programs were not carried to their completion because of:
(a) World War II
(b) the end of the Depression
(c) the government ran out of money
(d) World War I

5. Government interferes with the price system by:
(a) action fixing
(b) tariffs
(c) ignoring it
(d) restraints on international trade

Short Answer Questions

1. The higher price of pencils results in all but the following:

2. Which of the following is not a New Deal program?

3. The purpose of urban renewal projects is to:

4. What is the cause of the failure of many welfare programs?

5. A run on a bank occurs when depositors:

(see the answer key)

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