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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 term human capital refers to the:
(a) personal productive capacity of an individual
(b) machinery in the factory
(c) output produced by a fasting
(d) kinds of inputs the worker uses

2. The programs of the Roosevelt administration designed to deal with the Depression are called the:
(a) laissez-faire programs
(b) New Deal programs
(c) balanced budget programs
(d) financial assistance programs

3. Free trade takes place when:
(a) when consumers want a good
(b) all parties feel they can benefit
(c) when producers want to see a good
(d) when one party can benefit

4. The regulation of employment practices and safety standards in the workplace is performed by:
(a) FEMA
(b) EPA
(c) Department of Labor
(d) Office of Safety and Health Administration

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

Short Answer Questions

1. What is the cause of the failure of many welfare programs?

2. The Federal Deposit Insurance Corporation:

3. A deposit represents:

4. The economy functions on the basis of:

5. Which of the following is not a function of the price system:

(see the answer key)

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