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5 Written questions

5 Matching questions

  1. Minimum Wage
  2. Inflation
  3. Water Pollution Control Act of 1972
  4. Protectionism
  5. Progressive Tax
  1. a The legal minimum hourly wage for large employers.
  2. b Economic policy of shielding an economy from imports.
  3. c A 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%.
  4. d The rise in prices for consumer goods.
  5. e A law intended to clean up the nations rivers and lakes. It requires municipal, industrial, and other polluters to use pollution control technology and secure permits from the EPA for discharging waste products into waters.

5 Multiple choice questions

  1. A fund created by Congress in 1980 to clean up hazardous waste sites. Money for the fund comes from taxing chemical products.
  2. An economic theory holding that the supply of money is the key to a nation's economic health. Monetarists believe that too much cash and credit in circulation produces inflation.
  3. As measured by the Bureau of Labor Statistics, the proportion of the labor force actively seeking work but unable to find jobs.
  4. 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. An organization of workers intended to engage in collective bargaining

5 True/False questions

  1. Consumer Price Index (CPI)The key measure of inflation that relates the rise in prices over time.


  2. Feminization of PovertyThe increasing concentration of poverty among women, especially unmarried women and their children.


  3. Social Welfare PoliciesBased on monetarism, this is the manipulation of the supply of money in private hands by which the government can control the economy.


  4. Patients' Bill of RightsThe increasing concentration of poverty among women, especially unmarried women and their children.


  5. Securities and Exchange Commission (SEC)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.