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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. What is a good source of information on prices and markets?
(a) a weekly magazine
(b) the Sunday paper
(c) word of mouth
(d) The Wall Street Journal

2. Originally, in the early days of the country, equality meant:
(a) equality in all aspects of life
(b) the basis for welfare legislation
(c) equality before God
(d) the end of slavery

3. Government measures to promote fair shares for all:
(a) have no affefct on liberty
(b) enhance liberty
(c) create harmony
(d) reduce liberty

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

5. Interested sophistry refers to:
(a) a new marketing tool
(b) the knowledge of consumers
(c) a new production technique
(d) buy cheap and selling high

Short Answer Questions

1. Restrictions of payments refers to:

2. Adam Smith says that voluntary exchange will not take place unless:

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

4. Government expands through all but:

5. An egalitarian supports:

(see the answer key)

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