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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. According to a study, how many poor people in America were working-age adults disconnected from the labor market for unknown reasons?
(a) 15 in 300.
(b) 10 in 200.
(c) 3 in 100.
(d) 5 in 150.

2. Every year between overdraft fees, check cashing fees, and payday loan fees, how much in fees were collected from low-income Americans?
(a) $900 million.
(b) Over $11 billion.
(c) About $9 billion.
(d) $50 million.

3. When was their a financial crisis in the 19th century that caused landlords to subdivide properties to make room for more renters?
(a) 1837.
(b) 1851.
(c) 1843.
(d) 1869.

4. In Texas, what could the annual percentage rate reach on a two-week loan?
(a) 460.
(b) 516.
(c) 398.
(d) 664.

5. What was the top maginal tax rate in 1975?
(a) 70%.
(b) 50%.
(c) 25%.
(d) 45%.

6. In a 2021 study of 100 cities, what percent of apartment dwellers were allowed to live on residential land?
(a) 26.
(b) 32.
(c) 8.
(d) 12.

7. Where did Facebook log its $15 billion in profit?
(a) Bermuda.
(b) Caribbean.
(c) Ireland.
(d) Bahamas.

8. In 2020, how much money did the mortgage interest deducation allow more than 13 million Americans to keep?
(a) $38.1 billion.
(b) $17.9 billion.
(c) $24.7 billion.
(d) $5.6 billion.

9. When did Kansas senator Roger Marshall declare that the main "impediment" (85) to his state's sagging labor market was unemployment insurance paying people not to work?
(a) August 2020.
(b) June 2021.
(c) July 2023.
(d) May 2022.

10. To what circle of hell did Dante send moneylenders?
(a) 7th.
(b) 3rd.
(c) 4th.
(d) 9th.

11. In studies conducted in the 1980s and 1990s, within what amount of time did young mothers on welfare quit relying on it?
(a) 3 1/2 years.
(b) 5 years.
(c) 2 years.
(d) 1 1/2 years.

12. How were elderly people notified about food stamps that caused them to sign up?
(a) Personal visits.
(b) Television advertisments.
(c) Flyers.
(d) Letter.

13. When did Roman historian, Sallust, document the problem of a large quantity of poor people living alongside millions of rich people?
(a) 58 B.C.E.
(b) 78 B.C.E.
(c) 63 B.C.E.
(d) 38 B.C.E.

14. How many newly built English homes would fit into the average new American home?
(a) 5.
(b) 3.
(c) 4.
(d) 2.

15. How many powerboats did Americans buy in 2020?
(a) More than 310,000.
(b) About 405,000.
(c) 273,000.
(d) 108,000.

Short Answer Questions

1. What president once siad, "Taxes should hurt" (97)?

2. When the Affordable Care Act was implemented, how much did working-class families have to for coverage?

3. What were some countries where the government automatically filed taxes, sent a form to citizens, citizens checked the form, and mailed it back in?

4. What did Americans spend on leisure travel in 2020?

5. In 2019, how much did the largest banks in America charge customer in overdraft fees?

(see the answer keys)

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