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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. Restrictions of payments refers to:
(a) depositors inability to write checks
(b) government's refusal to pay benefits
(c) government's inability to pay its bills
(d) banks' refusal to give currency on demand to depositors who tried to make withdrawals

2. Open Market Operations refers to:
(a) flooding the market with junk bonds
(b) a department store sale
(c) stock market operations
(d) the purchase and sale of government bonds

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

4. Which of the following is a method of government enforcing higher wages?
(a) market wages
(b) secret deals
(c) minimum wage laws
(d) none of the above

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

Short Answer Questions

1. Government measures to promote fair shares for all:

2. In Great Britain:

3. A deposit represents:

4. What does Friedman call one of the most successful labor unions in history?

5. Which kind of worker has no protection?

(see the answer key)

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