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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. An economic contraction means all but the following:
(a) unemployment
(b) decreased output
(c) increased output
(d) lower levels of income

2. The regulation of employment practices and safety standards in the workplace is performed by:
(a) Office of Safety and Health Administration
(b) EPA
(c) FEMA
(d) Department of Labor

3. Where have labor unions been stronger than they are in the United States?
(a) Great Britain
(b) Germany
(c) France
(d) Spain

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

5. What action did the Fed take after England abandoned the gold standard?
(a) suspended open market operations
(b) raised the discount rate
(c) lowered the discount rate
(d) began hoarding gold

Short Answer Questions

1. When did the concepts of equality before God and the law begin to come closer together?

2. The Federal Reserve Act was legislated in:

3. What did Alexis de Tocqueville say was the outstanding characteristic of America?

4. Which of the following laws is not specifically aimed at protection of workers?

5. Black Thursday, October 24, 1929, refers to the:

(see the answer key)

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