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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 8, Who Protects the Worker?.

Multiple Choice Questions

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

2. Which bank failure precipitated the banking crisis of 1930?
(a) Knickerbocker Trust
(b) Bank of England
(c) The Bank of the United States
(d) Chase

3. Modern labor unions trace their roots back:
(a) ancient Rome
(b) the Egyptians
(c) to medical men in ancient Greece
(d) Great Britain

4. One way of restricting entry to an occupation or profession is through:
(a) rules
(b) laws
(c) agreement
(d) licensure

5. What words did Thomas Jefferson write?
(a) equality is not a part of freedom
(b) all men are created equal
(c) equality is not important
(d) there is no such thing as equality

Short Answer Questions

1. Which of the following is considered a form of government assistance to construction workers?

2. The Federal Deposit Insurance Corporation:

3. A coordinated restriction of payments by banks is used:

4. Government measures to promote fair shares for all:

5. The economist that changed the way of economic thinking regarding depressions was:

(see the answer key)

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