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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 7, Who Protects the Consumer?.

Multiple Choice Questions

1. Children from wealthy backgrounds have better chances in education and employment. This it not representative of:
(a) equality of opportunity
(b) equality before God
(c) equal rights
(d) equality of outcomes

2. The school voucher program would give the parents:
(a) cash
(b) a tax break
(c) a tax bill
(d) a voucher to be used at any school

3. Restrictions of payments refers to:
(a) government's refusal to pay benefits
(b) depositors inability to write checks
(c) government's inability to pay its bills
(d) banks' refusal to give currency on demand to depositors who tried to make withdrawals

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

5. Who has the greatest amount of choice in the selection of schooling?
(a) the wealthy
(b) the middle income group
(c) all have equal choice
(d) the indigent

Short Answer Questions

1. The United States banking system is:

2. Economic freedom refers to all but which of the following:

3. Which New Deal programs were declared unconstitutional?

4. Attendance at school became mandatory in all states in:

5. Which of the following was not a part of the 1964 War on Poverty program?

(see the answer key)

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