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5 Written questions

5 Matching questions

  1. Social Welfare Policies
  2. Mixed Economy
  3. Labor Union
  4. Unemployment Rate
  5. Social Security Act of 1935
  1. a Created both the Social Security Program and a national assistance program for poor children, usually called AFDC.
  2. b An organization of workers intended to engage in collective bargaining
  3. c As measured by the Bureau of Labor Statistics, the proportion of the labor force actively seeking work but unable to find jobs.
  4. d Policies that provide benefits to individuals, either through entitlements or means testing.
  5. e An economic system in which the government is deeply involved in economic decisions through its role as regulator, consumer, subsidizer, taxer, employer, and borrower.

5 Multiple choice questions

  1. An agency of the federal government created in 1970 and charged with administering all the government's environmental legislation. It also administers policies dealing with toxic wastes. It is the largest federal independent regulatory agency.
  2. International organization that regulates international trade.
  3. This law requires the federal government to protect actively each of the hundreds of species listed as endangered-regardless of the economic effect on the surrounding towns or region.
  4. Government benefits that certain qualified individuals are entitled to by law, regardless of need.
  5. The principle that government should not meddle in the economy.

5 True/False questions

  1. Health Maintenance Organization (HMO)Organizations contracted by individuals or insurance companies to provide health care for a yearly fee. Such network health plans limit the choice of doctors and treatments; About 60 percent of Americans are enrolled in HMOs or similar programs.


  2. Antitrust Policythe policy that describes the impact of the federal budget-taxes, spending, and borrowing-on the economy


  3. Supply-Side Economicsan economic theory advocated by President Reagan holding that too much income goes to taxes so that too little money is available for purchasing and that the solution is to cut taxes and return purchasing power to consumers.


  4. National Labor Relations ActA compulsory insurance program for all Americans that would have the government finance citizens' medical care. First proposed by President Harry S. Truman, the plan was soundly opposed by the American Medical Association.


  5. IncomeThe amount of funds collected between any two points in time.