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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. A school voucher program would:

2. In Great Britain:

3. Kenneth B. Clark describes public school system as:

4. Gresham's Law says that:

5. Special interest groups result in:

Short Essay Questions

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

2. What have parents been complaining of in recent years regarding public education?

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

4. Do all workers benefit from unions?

5. Most Western nations have economic goals and objectives. What happens when they fail to attain them?

6. What is the purpose of a labor union?

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

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

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

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

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

The New Deal refers to a group of programs enacted by the Roosevelt Administration to deal with the Great Depression. How did they represent a break with past policies? What precedent did they set in the way of spending? What has happened to government spending since then?

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

Why does an economy need money? What items have functioned as money over the course of history? What characteristics does an item need to function as money?

(see the answer keys)

This section contains 594 words (approx. 2 pages at 300 words per page) View a FREE sample