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

Multiple Choice Questions

1. Who has the greatest amount of choice in the selection of schooling?
(a) all have equal choice
(b) the wealthy
(c) the middle income group
(d) the indigent

2. According to Friedman, the way to cure inflation is to:
(a) promote spending policies
(b) force consumers to increase their savings
(c) reduce the rate of monetary growth
(d) limit the amount of goods and services available for sale

3. To improve their position, railroads engaged in:
(a) good service
(b) intensive advertising
(c) promotions
(d) rate fixing

4. Which of the following is considered a form of government assistance to construction workers?
(a) Taft-Hartley Act
(b) Davis-Bacon Act
(c) Landrum-Griffin Act
(d) Glass-Stegal Act

5. Printing new money to increase the quantity of money is:
(a) good for stability
(b) highly inflationary
(c) good economic policy
(d) the only way most governments can survive

6. The amount of time from the increase in the quantity of money and the rise in prices is about:
(a) one year
(b) six months
(c) eighteen months
(d) immediate

7. Most Western nations have experienced:
(a) decrease in the growth of government
(b) no change in the size of national government
(c) laws limited the growth of government
(d) growth of national government

8. Washington D.C.:
(a) prohibits lobbyists
(b) limits the number of special interests groups
(c) limits the number of lawyers
(d) is a magnet for special interest groups

9. Who would benefit the most from an increased quality of schooling from a school voucher program?
(a) lower income classes
(b) the upper income classes
(c) the middle income classes
(d) all income classes would benefit equally

10. According to Friedman, who is most likely to produce a shoddy product?
(a) consumers won't accept a shoddy product
(b) both government and private enterprise
(c) government
(d) private enterprise

11. What program would allow greater choices for parents?
(a) sending children to private schools
(b) being able to select any school
(c) the school voucher program
(d) making all education private

12. The purpose of the Consumer Products Safety Commission is to:
(a) protect the consumer from unsafe products
(b) assist manufacturers in the promotion of products
(c) to help advertise products
(d) to help introduce new products

13. A school voucher program would:
(a) increase the costs of education
(b) lower taxes
(c) have no effect on taxes paid
(d) raise taxes

14. Which of the following laws is not specifically aimed at protection of workers?
(a) minimum wage legislation
(b) Medicaid
(c) workmen's compensation
(d) length of workweek

15. Regarding public and private colleges and universities, the number of students who complete the undergraduate degrees is:
(a) the same at public and private institutions
(b) higher at public institutions
(c) higher at private institutions
(d) only slightly higher at pubhlic institutions

Short Answer Questions

1. The growth of bureaucracy leads to:

2. What do higher union wages cause?

3. Horace Mann is known as all but the following:

4. The reason given for regulation of industry is to:

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

(see the answer keys)

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