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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 Employment Act of 1946 dictated government's responsibility for all but the following:
(a) purchasing power
(b) production
(c) employment
(d) taxes

2. The economist that changed the way of economic thinking regarding depressions was:
(a) Milton Friedman
(b) Adam Smith
(c) David Ricardo
(d) John Maynard Keynes

3. An egalitarian supports:
(a) total freedom for all
(b) programs resulting in greater liberty
(c) get rich quick schemes
(d) equality of outcomes

4. The country whose post-World War II domestic policy was aimed at promoting equality of outcomes is:
(a) Great Britain
(b) China
(c) Japan
(d) Germany

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

Short Answer Questions

1. Which of the following is not a public assistance program?

2. Which of the following is not one of Adam Smith's duties of government?

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

4. The legislation for the Federal Reserve System came into being as a result of:

5. Government measures to promote fair shares for all:

(see the answer key)

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