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

Multiple Choice Questions

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

2. At what rate were the 400 richest Americans taxed?
(a) 19%.
(b) 36%.
(c) 44%.
(d) 23%.

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

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

5. How many of the families who qualified for Temporary Assistance for Needy Families applied for it?
(a) 2/3.
(b) 1/4.
(c) 1/3.
(d) 1/2.

6. By what percent had median rent increased since 2000 in the West?
(a) 112 percent.
(b) 192 percent.
(c) 135 percent.
(d) 189 percent.

7. How much could be raised by stopping the mortgage interest deduction?
(a) $32 billion.
(b) $12 billion.
(c) $17 billion.
(d) $25 billion.

8. After John F. Kennedy was assassinated, when did Democrats have majorities in both houses of Congress?
(a) 1976.
(b) 1972.
(c) 1964.
(d) 1968.

9. When did President Obama propose to do away with tax benefits to 529 college savings plans?
(a) 2015.
(b) 2013.
(c) 2016.
(d) 2010.

10. For four months during the COVID pandemic, how much did unemployed Americans received on top of their regular stipend weekly?
(a) $400.
(b) $300.
(c) $600.
(d) $500.

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

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

13. In 2020, how much was the gap that separated everyone in America below the poverty line and the poverty line itself?
(a) $127 billion.
(b) $177 billion.
(c) $194 billion.
(d) $103 billion.

14. When tenements began appearing in new York City in the mid-1800s, how much higher was the rent in the slums than that of better apartments uptown?
(a) 25 percent.
(b) 20 percent.
(c) 35 percent.
(d) 30 percent.

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

Short Answer Questions

1. During June and July 2021, how many states stopped some or all of the emergency benefits provided during the COVID pandemic?

2. After the Great Recession that began in 2008, how long did families in the bottom half of the income distribution have to wait before their incomes returned to pre-recession levels?

3. What was the top maginal tax rate in 1975?

4. During the pandemic, how much did the federal government give in rental assistance?

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

(see the answer keys)

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