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Q.1)	Which of the following principles is most clearly taught in Scripture?

A.	The primary means by which people should obtain income is through their own labor.

B.	The governement should provide a "safety net" for the truly poor

C.	Christians should not be concerned about the poor because poverty is a fact of life

D.	everyone has a right to equal economic benefits regardless of productivity

Q.2)	Which of the following statements is not found in Scripture?

A.	'If any would not work, neither should he eat."

B.	"Ye have the poor with you always."

C.	"If thou wilt be perfect, go and sell that thou hast, and give to the poor."

D.	'For this cause are the powers ordained of God, to distribute to the poor and fearless."

Q.3)	What concept is the source of the phrase "economic darwinism'?

A.	survival of the fittest

B.	egalitarian fainess

C.	economic leveling

D.

communism

Q.4)	What is a market solution to the distribution question?

A.	libertarian fairness

B.	egalitarian fairness

C.	interest rates

D.	labor intensive firms

Q.5)	Which of the following statements is true of communism?

A.	It offers a way to perfect society by human effort.

B.	It condems revolution

C.	It approves of greed.

D.	It was widely accepted in Europe when it was first introduced.

Q.6)	Which o fthe following staements is a viewpoint of egalitarian fairness?

A.	Wealth should be distributed primarily to those who satisfy the needs of other

B.	Society is obligated to protect the poor from the most devastating economic hardships

C.	If a person is unable to earn a living because of a lack of education, it is responsibilities to secure a marketable skill

D.	If a person has a physical limitation, it is his responsibility to seek private charity

Q.7)	What viewpointt leads nations to introduce food stamps, social secruity, and housing assistance?

A.	safety-net egalitarianism

B.	libertarianism

C.	economic leveling

D.

communism

Q.8)	What is a command solution to the distribution nquestion?

A.	libertarian solution

B.	egalitarian fairness

C.	interest rates

D.	labor intensive firms

Q.9)	What is the distirbution question that every society must answer?

A.	Ho will the nation's oods be produced?

B.	Who will recieve the goods that are produced?

C.	How many goods will be produced?

D.	What types of goods will be produced?

Q.10)	What is the input uestion that every society must answer?

A.	How will the nations good be produced?

B.	Who will recieve the goods that are produced?

C.	How many goods will be produced?

D.	What types of goods will be produced?

Q.11)	What is the command solution to the input question?

A.	A committee decides the comsumer good/capital ood tradeoff

B.	The interest rate decides the comsumer good/capital tradeoff

C.	A committee chooses the labor intensive/capital intensive combination

D.	Individual frims choose the labor intensive/capital intensive combination.

Q.12)	What is the market solution to the input question?

A.	A committee decides the consumer good/capital good tradeoff.

B.	The interest rate decides the comsumer good/capital god tradeoff.

C.	A committee chooses the labor intensive/capital intensive combination

D.	Individual firms choose the labor intensive/capital intensive combination

Q.13)	What is a major advantage of a labor intensive business over a capital intensive business?

A.	low unemployment

B.	few hidden costs

C.	reliable rate of productivity

D.	increase in the average indiidual income

Q.14)	What is a major advantage of using automated equipment instead of labor?

A.	cheap maintenance

B.	versatile application

C.	small cost of new investment

D.	nearly constant rate of productivity

Q.15)	What is the market solution to the output question?

A.	A committee decides the consumer good/capital good tradeoff.

B.	The interest rate decides the comsumer good/capital god tradeoff.

C.	A committee chooses the labor intensive/capital intensive combination

D.	Individual firms choose the labor intensive/capital intensive combination

Q.16)	What is the command solution to the output question?

A.	A committee decides the consumer good/capital good tradeoff.

B.	The interest rate decides the comsumer good/capital god tradeoff

C.	A committee chooses the labor intensive/capital intensive combination

D.	Individual firms choose the labor intensive/capital intensive combination

Q.17)	Which of the following is a capital good?

A.

a toaster

B.

a house

C.

medicine

D.

a plow

Q.18)	Which of the following is a consumer good?

A.	an aoutomobile

B.

a tractor

C.	a printing press

D.	a welding machine

Q.19)	What is the output question that every society must answer?

A.	How will the nation's goods be produced?

B.	Who will recieve the goods that are produced?

C.	How many goods will produced?

D.	What type os godos will be produced?

Q.20)	What is meant by the "consumer good/capital good tradeoff"?

A.	The same business cannot produce both capital goods and consumer goods.

B.	Every business must sell its capital goods for cnsumer goods, and vice versa

C.	Business that produce consumer goods cause the production of capital goods to suffer, and vice versa

D.	Businesses should trade both consumer goods and capital goods with foreing business

Q.21)	Why is it deceitful for the Soviet Union to claim that its past economic growth was a benefit of command solutions to the economy?

A.	The growth was actually achieved through market solutions.

B.	The growth was made possible by untapped resources, ot government policy.

C.	The growth was actually achieved through foreing investments

D.	The growth never took place

Q.22)	If a business is seeking intensive growth, one of its goals might be

A.	to achieve 0% unemployment

B.	to tap new natural resources

C.	to train uneducated employees

D.	to increase its financial capital

Q.23)	During the 1950'2 the command-regulated Soviet Union expierenced phenomenal growth in productivity due to

A.	intensive growth

B.	extensive growth

C.	labor intensive business

D.	egalitarain fairness

Q.24)	What is the most obvious consequence of rapidly rising prices?

A.	unemployment

B.	unfair distribution of income

C.	decreased savings

D.	decreased spending

Q.25)	Which of the following is not a primary economics goal of societies?

A.	fair distibution of income

B.	low unemmployment

C.	stable productivity

D.	stable prices

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