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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 purpose of the EPA is to:
(a) promote nicer looking neighborhoods
(b) protect and enhance the environment
(c) promote safer working environments
(d) regulate landscaping

2. Parents who send their children to private schools:
(a) pay not taxes for public schools
(b) none of the above
(c) still pay taxes for public schools
(d) pay a lower amount of taxes for public schools

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

4. Friedman's view is that everyone who wants a higher education:
(a) should have the higher education if he/she is willing to pay for it
(b) should receive government funding
(c) should be financed
(d) should find a sponsor

5. Steps to limit the growth of government and spending have included all but:
(a) nothing
(b) a call for a convention to formulate a balanced budget amendment
(c) proposed constitutional amendment to limit spending
(d) the formation of organizations to support limited spending

Short Answer Questions

1. Most Western nations have experienced:

2. The distribution of income is determined by all but the following:

3. The command elements of every economy include things like:

4. Protection refers to:

5. The Federal Reserve Act was legislated in:

(see the answer key)

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