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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 Great Depression began in:
(a) 1934
(b) 1931
(c) 1940
(d) 1929

2. Which of the following is not a problem experienced by the British National Health Service?
(a) lack of citizen interest
(b) strikes
(c) rising costs
(d) long waiting lists of patients

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

4. The purpose of urban renewal projects is to:
(a) build housing projects
(b) finance the building of offices
(c) eliminate slums
(d) provide low cost housing

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

Short Answer Questions

1. Protection refers to:

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

3. The first head of the Federal Reserve System was:

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

5. When the Fed sells bonds:

(see the answer key)

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