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This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

1. One of the big complaints of parents is that they:
(a) the school day is too short
(b) have little control or choice regarding their children's education
(c) spend too much time in parent-teacher conferences
(d) parents are asked to do too much with the school given their busy schedules

2. Who would benefit the most from an increased quality of schooling from a school voucher program?
(a) the middle income classes
(b) lower income classes
(c) all income classes would benefit equally
(d) the upper income classes

3. All but one of the following are the result of the growth of government:
(a) more paperwork
(b) more special interest groups
(c) higher costs
(d) lower costs

4. Gresham's Law says that:
(a) good money decreases
(b) good money drives out bad
(c) bad money drives out good
(d) good money multiplies

5. Most of the ICC staff came from the:
(a) stock market
(b) legislature
(c) railroad industry
(d) were laymen

Short Answer Questions

1. The airline industry is regulated by:

2. What problems have there been with unions?

3. The first schools were:

4. Friedman suggests constitutional amendments to limit government in all but the following areas:

5. Which of the following is not a way of rationing high paying jobs:

Short Essay Questions

1. Who benefits the most from a school voucher program?

2. In recent years, in what sector have unions experienced growth?

3. What is inflation?

4. Explain the relationship between the economic policy and the intellectual climate?

5. As America was settled, what was one of the first things communities established?

6. What does inflation mean for governments or people who are in debit?

7. What is the cure for inflation?

8. What effect do special interest groups have upon government?

9. How do industries gain control, or capture, the commission that regulates them?

10. After the Depression and the centralization of government, education and schooling also became centralized. What are the effects of this centralization?

(see the answer keys)

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