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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 10, The Tide is Turning.

Multiple Choice Questions

1. The union does all but the following for its members:
(a) pays for their on-the-job meals
(b) negotiates terms of employment
(c) represents them in a grievance hearing
(d) negotiates wages

2. In Friedman's view, special interests:
(a) prevail at the expense of the general interest
(b) are vital to the welfare of the economy
(c) should be eliminated
(d) promote the general interest

3. In Great Britain:
(a) workers represent themselves
(b) there are no labor unions
(c) labor unions are weak
(d) most labor unions represent workers of nationalized industry

4. The command elements of every economy include things like:
(a) military conscription
(b) court orders
(c) forbidding the purchase and sales of heroin
(d) prices

5. The infant industry argument for protection says a:
(a) new industry should be given protection until it matures and can compete on its own
(b) no industries should receive protection
(c) all new industries should be given protection
(d) only certain industries should receive protection

Short Answer Questions

1. In Western nations, when a government doesn't achieve its economic goals:

2. In regard to equality and liberty:

3. Equality before God means:

4. In the tobacco economy, inflation occurred when there was:

5. Government spending can be financed by all but:

(see the answer key)

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