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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 6, What's Wrong with Our Schools?.

Multiple Choice Questions

1. Trade restrictions create:
(a) a more competitive environment
(b) increase levels of trade
(c) friction between nations
(d) a good political situation

2. Restrictions of payments refers to:
(a) government's refusal to pay benefits
(b) depositors inability to write checks
(c) banks' refusal to give currency on demand to depositors who tried to make withdrawals
(d) government's inability to pay its bills

3. Protection refers to:
(a) insurance and benefits for workers
(b) safe production methods
(c) insurance on shipments
(d) tariffs and other trade restrictions

4. The Federal Deposit Insurance Corporation:
(a) guarantees the full amount of all deposits against loss
(b) guarantees deposits against a loss up to a stated amount
(c) guarantees the repayment of bank loans
(d) provides mortgage insurance for homeowners

5. Equality of outcomes is related to:
(a) fairness or fair shares
(b) right to own property
(c) education
(d) rights to open a business

Short Answer Questions

1. Which of the following is not a New Deal program?

2. Children from wealthy backgrounds have better chances in education and employment. This it not representative of:

3. Kenneth B. Clark describes public school system as:

4. A coordinated restriction of payments by banks is used:

5. Governments intervene in foreign currency markets:

(see the answer key)

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