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This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

1. What might the average borrower of a pay day loan pay in fees to borrow $375?
(a) $380.
(b) $490.
(c) $215.
(d) $520.

2. 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.

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

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

5. In 2018, how much more did the average middle-class family receive in government aid than it paid in federal taxes?
(a) $5,800.
(b) $8,300.
(c) $6,500.
(d) $7.100.

Short Answer Questions

1. When did Roman historian, Sallust, document the problem of a large quantity of poor people living alongside millions of rich people?

2. 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?

3. Since 1985, by what percent did rent prices exceed income gains?

4. At what rate were the 400 richest Americans taxed?

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

Short Essay Questions

1. How did rent increase from 2000 to 2021?

2. How did Japan, Great Britain, Estonia, the Netherlands, and some other countries handle tax filing?

3. What are some ways to be exploited?

4. What challenges faced individuals who had bad credit or no credit score?

5. What was the problem with private fortunes outpacing investments in public services?

6. What did Leo Tolstoy believe caused the horrible poverty he saw in Moscow?

7. In some parts of America, what did a pricey mortgage purchased?

8. How much did Desmond think it would take to end poverty, and how did he believe we could get the money?

9. Why did Desmond write that middle-class families were not carrying the poor on their backs?

10. What were arguments about the negative effects of government support for the poor based upon?

(see the answer keys)

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