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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 5, Created Equal.

Multiple Choice Questions

1. The first thing Roosevelt did after his inauguration was to:
(a) order banks to close for a bank holiday
(b) order people to work
(c) authorize open market operations
(d) raise taxes on profits

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

3. The only kind of capital:
(a) are human and physical capital
(b) is only financial capital
(c) is only physical capital
(d) is only human capital

4. What kind of international trade is best?
(a) trade with restrictions
(b) no trade
(c) free trade
(d) partically free trade

5. What words did Thomas Jefferson write?
(a) all men are created equal
(b) there is no such thing as equality
(c) equality is not important
(d) equality is not a part of freedom

Short Answer Questions

1. Originally, in the early days of the country, equality meant:

2. Protection refers to:

3. The purpose of urban renewal projects is to:

4. The national security argument for protection states that:

5. The Federal Deposit Insurance Corporation:

(see the answer key)

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