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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. The equality of outcomes approach is based on:
(a) contribution to output
(b) fair shares for everyone
(c) rewarding those who work hard
(d) incentive

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

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

4. Which of the following is not a way of rationing high paying jobs:
(a) featherbedding
(b) hiring anyone
(c) corruption
(d) nepotism

5. The economist that changed the way of economic thinking regarding depressions was:
(a) Milton Friedman
(b) Adam Smith
(c) John Maynard Keynes
(d) David Ricardo

Short Answer Questions

1. What action did the Fed take after England abandoned the gold standard?

2. Union high wages are usually at the expense of:

3. Where have labor unions been stronger than they are in the United States?

4. Which kind of worker has no protection?

5. The legislation for the Federal Reserve System came into being as a result of:

(see the answer key)

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