View a FREE sample

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

Multiple Choice Questions

1. A deposit represents:
(a) a loan to the individual
(b) money stuffed in a mattress
(c) a liability of the individual
(d) a claim against the bank

2. An exchange rate is the:
(a) price of one currency in terms of another currency
(b) interest rate in the foreign country
(c) the way trade barriers are established
(d) bill of lading

3. Protection refers to:
(a) insurance and benefits for workers
(b) insurance on shipments
(c) safe production methods
(d) tariffs and other trade restrictions

4. Which of the following is not a public assistance program?
(a) food stamps
(b) Medicaid
(c) Aid to Families with Dependent Children
(d) Earned Income Credit

5. Free international trade results in better relations between individuals who differ in all but:
(a) nationalities
(b) attitudes
(c) beliefs
(d) interests

Short Answer Questions

1. The major welfare program in the United States is:

2. Interested sophistry refers to:

3. The Federal Reserve Act was legislated in:

4. The infant industry argument for protection says a:

5. A tariff implemented to raise employment in the domestic nation:

(see the answer key)

This section contains 228 words (approx. 1 page at 300 words per page) View a FREE sample