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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. At the time the book was written, how many workers belonged to unions?
(a) one in four
(b) one in three
(c) one in five
(d) one in two

2. Government measures to promote fair shares for all:
(a) create harmony
(b) reduce liberty
(c) enhance liberty
(d) have no affefct on liberty

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

4. When the Fed sells bonds:
(a) the monetary reserves of the banking system decrease
(b) depositors see a decline in their bank accounts
(c) the banks can make more loans
(d) the economy experiences inflation

5. In regard to equality and liberty:
(a) there is a slight relationship between the two
(b) there is a relationship between the two
(c) they are two independent concepts
(d) there is no relationship betwen the two

Short Answer Questions

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

2. The minimum wage causes:

3. The United States banking system is:

4. The country whose post-World War II domestic policy was aimed at promoting equality of outcomes is:

5. What functions as the central bank for the United States?

(see the answer key)

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