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

Short Answer Questions

1. Horace Mann is known as all but the following:

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

3. The reason given for regulation of industry is to:

4. The Interstate Commerce Commission was formed to regulate:

5. In the 1920s, what publications were the leading intellectual journals of opinion?

Short Essay Questions

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

2. What is the cause of inflation?

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

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

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

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

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

8. What does Friedman feel has been more damaging that government spending in terms of government controls?

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

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

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

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 2

Why was the Depression of 1929 so severe? What factors contributed to it? Are these similarities with the situation today? What are the differences?

Essay Topic 3

Explain the problems involved in barter transactions? Why does this inhibit trade? How does money facilitate trade?

(see the answer keys)

This section contains 555 words (approx. 2 pages at 300 words per page) View a FREE sample