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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. Printing new money to increase the quantity of money is:
(a) good economic policy
(b) good for stability
(c) the only way most governments can survive
(d) highly inflationary

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

3. Free markets lead to:
(a) economic tyrrany
(b) greater individual freedom
(c) less individual freedom
(d) bankruptcy

4. Most of the funding for public education is provided by the:
(a) state
(b) federal government
(c) city
(d) county

5. The Federal Deposit Insurance Corporation:
(a) guarantees the full amount of all deposits against loss
(b) guarantees the repayment of bank loans
(c) provides mortgage insurance for homeowners
(d) guarantees deposits against a loss up to a stated amount

Short Answer Questions

1. Government subsidies to industry are viewed as:

2. One of the big complaints of parents is that they:

3. Who would benefit the most from an increased quality of schooling from a school voucher program?

4. Friedman believes that the income tax system is:

5. An exchange rate is the:

(see the answer key)

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