View a FREE sample

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

Multiple Choice Questions

1. All but the following are functions of the CPSC:
(a) advertising
(b) conduct safety tests on products
(c) development of standards for consumer products
(d) to help consumers evaluate products

2. The ideas of human freedom and economic freedom are best exemplified in:
(a) the United States
(b) India
(c) Germany
(d) England

3. Which of the following is not a method of unions securing higher wages?
(a) enforcing a higher wage
(b) restricting jobs
(c) collusion with the employer
(d) the free market

4. Which kind of worker has no protection?
(a) federal employees
(b) employees of a conglomerate
(c) states employees
(d) workers with no possible employer

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

Short Answer Questions

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

2. Which of the following laws is not specifically aimed at protection of workers?

3. At the time the book was written, how many workers belonged to unions?

4. Objections to the school voucher plan include all but the following:

5. During a hyperinflation:

Short Essay Questions

1. What are Friedman's views regarding big government?

2. Explain the relationship between the economic policy and the intellectual climate?

3. According to Friedman, what policy would promote economic stability?

4. What does inflation mean for governments or people who are in debit?

5. Do all workers benefit from unions?

6. What is the cause of inflation?

7. In what ways is the American Medical Association a labor union?

8. What is the scope of the Consumer Products Safety Commission?

9. What have parents been complaining of in recent years regarding public education?

10. In what way does the market function to protect consumers?

(see the answer keys)

This section contains 634 words (approx. 3 pages at 300 words per page) View a FREE sample