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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) 1869.
(b) 1843.
(c) 1851.
(d) 1837.

2. At the time Poverty, by America was written, how much money did the U.S. lose yearly due to tax avoidance?
(a) $3 trillion.
(b) More than $1 trillion.
(c) $900 million.
(d) About $20 billion.

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

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

5. 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?
(a) About 12 years.
(b) 15 years.
(c) 8 years.
(d) Nearly 10 years.

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

7. 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) Over $11 billion.
(c) $50 million.
(d) $900 million.

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

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

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

11. What was the value of PayPal founder Peter Thiel's Roth IRA?
(a) $5 billion.
(b) $900 million.
(c) $550 million.
(d) $3 billion.

12. 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) 96.
(b) 45.
(c) 68.
(d) 32.

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

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

15. During June and July 2021, how many states stopped some or all of the emergency benefits provided during the COVID pandemic?
(a) 18.
(b) 25.
(c) 15.
(d) 29.

Short Answer Questions

1. When Blacks moved north during the Great Migration, how much more did they often have to pay than white tenants paid?

2. In December 2021, by what percent did eviction filings fall in Austin?

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

4. How much money in overdraft fees subsidizes the free checking accounts many have at Bank of America or Wells Fargo?

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

(see the answer keys)

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