Interested in who can pass this quiz.

[BamaFanNKy]

I got one wrong!

http://www.americancivicliteracy.org/resources/quiz.aspx?batch=16

[mczerone]

I got one wrong!

http://www.americancivicliteracy.org/resources/quiz.aspx?batch=16


Business profit is:
A. cost minus revenue
B. assets minus liabilities
C. revenue minus expenses
D. selling price of a stock minus its purchase price
E. earnings minus assets


F. revenue minus expenses of one course of action as compared to the expected revenue mines the expected expenses of another course of action.


There are many simplicities made in this quiz, and others that are matters of opinion.

[Jordan]

Missed the one on the Puritians, damn.

That's ok though, looks like 80% of people who took it missed it: http://www.americancivicliteracy.org/2008/additional_finding.html :eek:

[Fozz]

100%

[Chester Copperpot]

I got 3 wrong... oh well still a 90%

[someperson]

I've taken this test before; perhaps, it was already posted here? Question 30 is terrible, and, like last time, I chose D, even though C is the "right answer," since they're asking about what a government would "most likely" do... for now ;)

30) Which of the following fiscal policy combinations would a government most likely follow to stimulate economic activity when the economy is in a severe recession?
A. increasing both taxes and spending
B. increasing taxes and decreasing spending
C. decreasing taxes and increasing spending
D. decreasing both taxes and spending

[eok321]

Got 20/33 (60%)

O.k considering im not american, so i must have picked up the answers around here and on ron paul youtube videos

[BamaFanNKy]

I've taken this test before; perhaps, it was already posted here? Question 30 is terrible, and, like last time, I chose D, even though C is the "right answer," since they're asking about what a government would "most likely" do... for now ;)

30) Which of the following fiscal policy combinations would a government most likely follow to stimulate economic activity when the economy is in a severe recession?
A. increasing both taxes and spending
B. increasing taxes and decreasing spending
C. decreasing taxes and increasing spending
D. decreasing both taxes and spending

Same question I missed.

[BamaFanNKy]

got 20/33 (60%)

o.k considering im not american, so i must have picked up the answers around here and on ron paul youtube videos

nice!

[LibertarianfromGermany]

80%, alright I guess (gj at the 100%ers!)

[puppetmaster]

ADD set in and I quit!! LOL

[dannno]

Same question I missed.

I missed that one too (didn't read it closely enough), the Puritan question and the question about the Supreme Court re: the New Deal constitutionality.. I almost picked the right answer, but ended up choosing the 3/4 majority (D).. so I gotta 90+%

[fisharmor]

3 wrong.
#14 - who gives a damn about Puritans, anyway?

#29 - the public good question is misleading. I get a benefit from the parking garage at the Mall, and I didn't pay for it directly - therefore, according to this poll, it must be a public good. No, if you're going to lump the term "public good" with national defense then E) is the correct answer.

#30 - Come on folks, we all know that A) is the real answer.
"Which of the following fiscal policy combinations would a government most likely follow to stimulate economic activity when the economy is in a severe recession?"
Clearly it is "A. increasing both taxes and spending".
It doesn't ask "which one is right", it asks which is most likely.

[Old Ducker]

You answered 32 out of 33 correctly — 96.97 %

I missed Susan B. Anthony. Figures, I can never figure out what women want. :p

[Son of Detroit]

5 wrong. Ouch =[

[Aratus]

31 out of 33
only 2 wrong!

i see we are
a bright group

[KCIndy]

Question 30 is stupid.

Either that, or I'm going to label it a "trick question."

30) Which of the following fiscal policy combinations would a government most likely follow to stimulate economic activity when the economy is in a severe recession?

A. increasing both taxes and spending
B. increasing taxes and decreasing spending
C. decreasing taxes and increasing spending
D. decreasing both taxes and spending


The expected/required answer that the test writers are looking for is "C" - decreasing taxes and increasing spending.

I disagree, and I think most Austrian school economists would as well.... I guess they can get by with it by inserting the phrase, "most likely" since that is exactly what the U.S. has been doing... :(

[Aratus]

3 wrong.


#30 - Come on folks, we all know that A) is the real answer.
"Which of the following fiscal policy combinations would a government most likely
follow to stimulate economic activity when the economy is in a severe recession?"
Clearly it is "A. increasing both taxes and spending".
It doesn't ask "which one is right", it asks which is most likely.


herbert hoover in 1930 did answer A when he heavily progressively taxed & did not totally cut gov't spending...

the severe recession question did not say how big the previous and prior debt was, so i assumed they would

lower taxes and spend happily, hoping the boost could then be taxed down the road. the counter-intuitive

approach is not the most logical thing to do, insted its something that one has an innate bias for or against!

[chudrockz]

Missed one. The Gettysburg Address thing. My cat distracted me.

[mczerone]

After looking at my answers, I missed 4:


Question #12 - B. the Supreme Court struck down most legal restrictions on it in Roe v. Wade

I selected "it was legal in most states". I stick by my answer, that abortion was legal in the majority of locations prior to RvW. Furthermore, RvW implemented MORE legal restrictions than applied prior by adopting the "viability" standards that originally were applied through the trimester approach that balanced the concerns that SCOTUS thought were important (health of mother, protecting potential life).


Question #14 - B. stressed the sinfulness of all humanity

Puritans also sought to escape religious dogma in England and to adopt a new religious-socialist utopia in the new world. I stand by my answer.


Question #30 - C. decreasing taxes and increasing spending
Already covered in the thread. Furthermore, govts "most likely" continue to increase taxes while increasing spending through monetary devaluation. Just because the taxes aren't collected through the IRS doesn't mean they aren't being collected.


Question #33 - D. tax per person equals government spending per person
Taxpayers != Citizens != Benefit receivers. The "tax per person" varies by each individual's income and consumption habits. This was just a stupid question that assumes, in the same manner that Keynes did, that the aggregated mean of econometrics can have real meaning.

[Chester Copperpot]

Got 20/33 (60%)

O.k considering im not american, so i must have picked up the answers around here and on ron paul youtube videos

Thats better than most Americans Im sure.

[Dreamofunity]

Damn puritan question. The right answer seemed too simple so I chose a different one.

32/33

[FrankRep]

Question 30 is stupid.

Either that, or I'm going to label it a "trick question."

30) Which of the following fiscal policy combinations would a government most likely follow to stimulate economic activity when the economy is in a severe recession?

A. increasing both taxes and spending
B. increasing taxes and decreasing spending
C. decreasing taxes and increasing spending
D. decreasing both taxes and spending

What the government should do vs. most likely do is an an easy question. We complain about it all the time.

:)

[eok321]

Thats better than most Americans Im sure.

I found it slightly alarming myself given the following bolded part..

"Are you more knowledgeable than the average citizen? The average score for all 2,508 Americans taking the following test was 49%; college educators scored 55%. Can you do better? Questions were drawn from past ISI surveys, as well as other nationally recognized exams."


Goes to show that the liberty movement has alot of educating to do...

[BuddyRey]

I missed 3 out of 33 because I don't believe in Keynesianism. ;-)

[New2Libertarianism]

Not that I disagree with it, but the only question that is bias is #27.

[Original_Intent]

F. revenue minus expenses of one course of action as compared to the expected revenue mines the expected expenses of another course of action.


There are many simplicities made in this quiz, and others that are matters of opinion.

That's opportunity cost, not profit. ;)

[KCIndy]

I found it slightly alarming myself given the following bolded part..

"The average score for all 2,508 Americans taking the following test was 49%; college educators scored 55%.

DOH!
:eek:

[thasre]

I missed one, but there were some that I thought were debatable / misleading so I can see why people would be likely to get them wrong, and the one I got wrong I just didn't read very carefully.

[MN Patriot]

You answered 31 out of 33 correctly — 93.94 %

[mczerone]

That's opportunity cost, not profit. ;)

If you could have made 10% by investing, but you made 5% as an entrepreneur, you didn't make a profit.

That point is semantics though, and it depends on what economic dictionary you use.