View a FREE sample

This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 8, Who Protects the Worker?.

Multiple Choice Questions

1. The first thing Roosevelt did after his inauguration was to:
(a) authorize open market operations
(b) raise taxes on profits
(c) order people to work
(d) order banks to close for a bank holiday

2. Most of the ICC staff came from the:
(a) legislature
(b) were laymen
(c) stock market
(d) railroad industry

3. The first schools were:
(a) `public with mandatory attendance
(b) private with mandatory attendance
(c) private with voluntary attendance
(d) public with voluntary attendance

4. A tariff implemented to raise employment in the domestic nation:
(a) lowers employment in the foreign nation
(b) benefits all consumers
(c) benefits all workers
(d) has no effect on employment

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

Short Answer Questions

1. According to Friedman, who is most likely to produce a shoddy product?

2. The higher price of pencils results in all but the following:

3. Government subsidies to industry are viewed as:

4. The economist that changed the way of economic thinking regarding depressions was:

5. Kenneth B. Clark describes public school system as:

(see the answer key)

This section contains 249 words (approx. 1 page at 300 words per page) View a FREE sample