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5 Written questions

5 Matching questions

  1. World Trade Organization (WTO)
  2. Protectionism
  3. National Labor Relations Act
  4. Social Welfare Policies
  5. Keynesian Economic Theory
  1. a International organization that regulates international trade.
  2. b Economic policy of shielding an economy from imports.
  3. c The theory emphasizing that government spending and deficits can help the economy weather its normal ups and downs. Proponents of this theory advocate using the power of government to stimulate the economy when it is lagging.
  4. d A 1935 law, also known as the Wagner Act, that guarantees workers the right of collective bargaining sets down rules to protect unions and organizers, and created this to regulate labor-managment relations.
  5. e Policies that provide benefits to individuals, either through entitlements or means testing.

5 Multiple choice questions

  1. Once called "Aid to Families With Dependent Children," the naw name for public assistance to needy families.
  2. The increasing concentration of poverty among women, especially unmarried women and their children.
  3. The "shares" of the national income earned by various groups.
  4. A controversial proposal before congress that would give patients certain rights against medical providers, particularly HMO's including the right to sue them.
  5. 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.

5 True/False questions

  1. MedicareA public assistance, health care program, administered through Social Security, designed to provide health care for poor and/or disabled Americans. It is funded by both the federal government and state governments.

          

  2. Food and Drug Administration (FDA)the federal agency formed in 1913 and assigned the task of approving all food products and drugs sold in the United States. All drugs, with the exception of tobacco, must have their authorization.

          

  3. Environmental Impact Statement (EIS)A report required by the National environmental policy act that specifies the likely environmental impact of a proposed action.

          

  4. Federal Reserve SystemA tax by which the government takes a greater share of the income of the rich then of the poor. For example, when a rich family pays 50% of its income in taxes and a poor family pays 5%.

          

  5. WealthThe value of assets owned.