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

2. What is not one of the real forces that determine the wealth of a nation?
(a) geographic area
(b) resources
(c) productivity
(d) mode of political and economic organization

3. In the mid-nineteenth century, the intellectual beliefs favored:
(a) free trade and private enterprise
(b) public ownership
(c) limited international trade
(d) government control of the economy

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

5. Horace Mann is known as all but the following:
(a) crusader for free schools
(b) secretary of the Massachusetts State Board of Education
(c) Secretary of State
(d) the father of American public education

Short Answer Questions

1. Government policies are affected by:

2. All but the following have resulted from centralization in schooling:

3. Where have labor unions been stronger than they are in the United States?

4. A school voucher program would:

5. Printing new money to increase the quantity of money is:

Short Essay Questions

1. What is inflation?

2. Why do increases in the minimum wage result in unemployment?

3. According to Friedman, what policy would promote economic stability?

4. What are the two big issues faced in new drug approval?

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

6. What is the purpose of the Environmental Protection Agency?

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

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

9. What is the scope of the Consumer Products Safety Commission?

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

(see the answer keys)

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