Show what you know by answering true or false to the following. Answer ''false'' if neither applies or if you're not sure. Your score will be calculated on the next page.
Your first question is below.
Are workers getting cheated out of their fair share of profits from their labor?
True
False
Should there be regulations that ensure transparency and improve information (i.e. nutrition facts, etc)?
True
False
Should there be regulations that restrict voluntary exchange?
True
False
Should the government exist?
True
False
Do we need the gold standard?
True
False
Should the Federal Reserve be abolished, and replaced with a steady rate of inflation?
True
False
Should the Federal Reserve have an active role (as it does now)?
True
False
Is class struggle necessary?
True
False
Is protectionism necessary to protect the national economy permanently?
True
False
Is temporary protectionism necessary in order to build up national industries, so they'd be able to compete worldwide?
True
False
Should there be unrestricted free trade?
True
False
Should there be a minimum wage?
True
False
Should there be a maximum wage?
True
False
Should there be progressive taxation?
True
False
Is the value of goods directly dependent on the labor needed to produce them?
True
False
Is the value of goods subjective?
True
False
Do taxes have large distortive effects?
True
False
Are Pigovian taxes a good idea?
True
False
Should the government pursue countercyclical policy with deficit spending?
True
False
Should the government pursue countercyclical policy by cutting taxes?
True
False
Should the government pursue countercyclical policy by cutting interest rates during recessions?
True
False
Is there a long-run trade-off between inflation and unemployment?
True
False
Should economic research be done primarily mathematically?
True
False
Now that you have answered all the questions, continue to the Show Me My Score button below.