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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 5, Created Equal.

Multiple Choice Questions

1. What did Alexis de Tocqueville say was the outstanding characteristic of America?
(a) good opportunities
(b) good incomes
(c) liberty
(d) equality

2. Free markets lead to:
(a) economic tyrrany
(b) greater individual freedom
(c) bankruptcy
(d) less individual freedom

3. According to Friedman, the former Soviet economy was based on:
(a) voluntary cooperation
(b) free markets
(c) command
(d) none of the above

4. The Great Depression began in:
(a) 1940
(b) 1934
(c) 1931
(d) 1929

5. What kind of international trade is best?
(a) no trade
(b) partically free trade
(c) trade with restrictions
(d) free trade

Short Answer Questions

1. Which of the following is not a public assistance program?

2. Free international trade results in better relations between individuals who differ in all but:

3. Which of the following is not a problem experienced by the British National Health Service?

4. A deposit represents:

5. A change in prices affects all but the following:

(see the answer key)

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