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

Multiple Choice Questions

1. When was a cover feature run in a magazine featuring a gold-plated manhole cover?
(a) August 2007.
(b) September 2007.
(c) October 2007.
(d) November 2007.

2. In 2021, how many rental units in Syracuse, New York, sat empty even as rent increased by 8%?
(a) 12 percent.
(b) 32 percent.
(c) 5 percent.
(d) 20 percent.

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

4. In the book The Government-Citizen Disconnect, what percent of adult Americans did the author report had relied on a major government program at some time in their lives?
(a) 68.
(b) 32.
(c) 96.
(d) 45.

5. What was the difference between the amount Lakia Higbee paid for rent and what she would have paid for mortgage if she could have gotten one?
(a) $1,025 compared to $735.
(b) $950 compared to $577.
(c) $1,200 compared to $832.
(d) $875 compared to $606.

6. What country cut payroll taxes for low-income workers?
(a) Germany.
(b) South Korea.
(c) Japan.
(d) France.

7. Between February and April 2020, how did the unemployment rate rise?
(a) It doubled.
(b) It rose by 75 percent.
(c) It quadrupled.
(d) It rose by 55 percent.

8. When did John Kenneth Galbraith write his book, The Affluent Society?
(a) 1958.
(b) 1951.
(c) 1959.
(d) 1953.

9. How many residents in Stockton, California, were given $500 a month with no strings attached?
(a) 75.
(b) 218.
(c) 230.
(d) 125.

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

11. 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.

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

13. In 2021, how much did the U.S. spend on tax breaks?
(a) $1.8 trillion.
(b) $2.7 trillion.
(c) $1.6 billion.
(d) $4.9 billion.

14. When did English writer Daniel Defoe publish a pamphlet arguing that the poor would not work for wages if they were given alms?
(a) 1728.
(b) 1711.
(c) 1704.
(d) 1706.

15. What magazine featured a cover story that had a photo of a gold-plated manhole cover?
(a) New York Times Magazine.
(b) National Review.
(c) Time.
(d) The Atlantic.

Short Answer Questions

1. What might the average borrower of a pay day loan pay in fees to borrow $375?

2. How were elderly people notified about food stamps that caused them to sign up?

3. What was the value of PayPal founder Peter Thiel's Roth IRA?

4. How many fewer Americans were in poverty in 2021 than in 2018?

5. During the Flint, Michigan, water crisis, how many children were exposed to lead poisoning?

(see the answer keys)

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