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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 Federal Reserve Act was legislated in:
(a) 1913
(b) 1908
(c) 1929
(d) 1909

2. The United States banking system is:
(a) not dependent on reserves
(b) a full reserve system
(c) a fractional reserve system
(d) a no reserve system

3. Free international trade results in better relations between individuals who differ in all but:
(a) beliefs
(b) nationalities
(c) interests
(d) attitudes

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

5. The distribution of income is determined by all but the following:
(a) the price that resource receives in the market
(b) the productive resource supplied
(c) the quality of the resource
(d) reputation

Short Answer Questions

1. The Employment Act of 1946 dictated government's responsibility for all but the following:

2. In the inner city schools, much of the money goes for all but the following:

3. The major welfare program in the United States is:

4. What problems have there been with unions?

5. Who would benefit the most from an increased quality of schooling from a school voucher program?

(see the answer key)

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