View a FREE sample

This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.

Short Answer Questions

1. Which of the following is not a public assistance program?

2. A market failure occurs when:

3. The major welfare program in the United States is:

4. What functions as the central bank for the United States?

5. Enforced equality is a part of life in:

Short Essay Questions

1. What happens if there in interference with prices?

2. England has a successful National Health Service that many people think the United States should have. What are the problems with the British program?

3. What are the three functions of prices?

4. What is meant by equality of outcome?

5. What did Jefferson mean by unalienable rights?

6. What did the Great Depression of 1929 prove to the public?

7. What happens when a nation imposes tariffs to protect domestic jobs?

8. What is the concept of the invisible hand?

9. Which two New Deal programs were declared unconstitutional?

10. What is meant by equality of opportunity?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Friedman says that special interests generally prevail over general interests. What does he mean by this? Do you agree with him? Why or why not?

Essay Topic 2

Explain the functions of a labor union. In what ways to labor unions cause higher wages? Who benefits from labor unions and why?

Essay Topic 3

Do workers in America need protection in the labor market? Why or why not? What kinds of laws are there that protect workers? Are you in favor of these laws?

(see the answer keys)

This section contains 580 words (approx. 2 pages at 300 words per page) View a FREE sample