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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 airline industry is regulated by:
(a) the Air Force
(b) the Department of Transportation
(c) none of the above
(d) the Civil Aeronautics Board

2. To improve their position, railroads engaged in:
(a) intensive advertising
(b) good service
(c) rate fixing
(d) promotions

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

4. The Environmental Protection Agency was formed in:
(a) 1966
(b) 1970
(c) 1972
(d) 1975

5. Economic freedom refers to all but which of the following:
(a) ability to select what investments to make
(b) forced savings
(c) ability to choose how much to spend
(d) ability to decide what goods to purchase

Short Answer Questions

1. The Federal Deposit Insurance Corporation:

2. At the time the book was written, how many workers belonged to unions?

3. Private education prevailed until the:

4. What program would allow greater choices for parents?

5. What do higher union wages cause?

(see the answer key)

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