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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 10, The Tide is Turning.

Multiple Choice Questions

1. The purpose of urban renewal projects is to:
(a) build housing projects
(b) finance the building of offices
(c) eliminate slums
(d) provide low cost housing

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

3. Modern labor unions trace their roots back:
(a) the Egyptians
(b) to medical men in ancient Greece
(c) Great Britain
(d) ancient Rome

4. Parents who send their children to private schools:
(a) pay a lower amount of taxes for public schools
(b) still pay taxes for public schools
(c) none of the above
(d) pay not taxes for public schools

5. Which of the following is considered a form of government assistance to construction workers?
(a) Landrum-Griffin Act
(b) Glass-Stegal Act
(c) Taft-Hartley Act
(d) Davis-Bacon Act

Short Answer Questions

1. A market failure occurs when:

2. The term human capital refers to the:

3. The command elements of every economy include things like:

4. Open Market Operations refers to:

5. What is not one of the real forces that determine the wealth of a nation?

(see the answer key)

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