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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. Kenneth B. Clark describes public school system as:
(a) protected public monopolies
(b) on the same level as private schools
(c) superior to private schools
(d) inferior to private schools

2. According to Friedman what was not a reason for accelerated U.S. monetary growth over a fifteen-year period?
(a) the full employment policy of the government
(b) workers demanding raises
(c) rapid growth in government spending
(d) the Federal Reserve following the wrong policy

3. Friedman believes that the income tax system is:
(a) needs more loopholes
(b) in need of reform
(c) equitable
(d) based on ability to pay

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

5. During a hyperinflation:
(a) wages increase faster than prices
(b) prices may double during a day
(c) prices fail quickly
(d) none of the above

Short Answer Questions

1. To improve their position, railroads engaged in:

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

3. Regarding public and private colleges and universities, the number of students who complete the undergraduate degrees is:

4. The school voucher program would give the parents:

5. What do higher union wages cause?

Short Essay Questions

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

2. What is the big advantage of the school voucher programs?

3. Do all workers benefit from unions?

4. What can function as money?

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

6. What are Friedman's views regarding big government?

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

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

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

10. Who led the effort for public education?

(see the answer keys)

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