In a Monetary History of the United States, Friedman and Schwartz

question 90

Multiple Choice

In A Monetary History of the United States, Friedman and Schwartz argued that:

• A)the United States should never have engaged in free trade with China.
• B)the Federal Reserve could have prevented the banking crisis and the Great Depression.
• C)the United States should return to the gold standard.
• D)an electronic banking system is likely to contribute to the severity of financial crises.

Understand the difference between achievement and aptitude tests.

Recognize the importance of standardization, validity, and reliability in psychological testing.

Understand the concept of verbal and performance scores in the WAIS.

Understand the influence of socioeconomic status and personality factors on life success.

---

Definitions:

Primary Plant Cell Wall

The primary cell wall in plants is a flexible, comparatively thin layer that surrounds the cell membrane of plant cells, providing structure and support.

Bacterial Cell Wall

A rigid or semi-rigid structure that surrounds the plasma membrane of bacteria, providing structural support and protection; primarily composed of peptidoglycan in most bacteria.

Mobile Hotspot

Devices that enable you to connect more than one device to the Internet; they require access to a data plan. Most smartphones have this capability built-in.

Piggybacking

The unauthorized access of a Wi-Fi network, often by connecting to an unsecured wireless network without the network owner's permission.