Unit Test Answers

risklawsmonopoliessafety

The most efficient way to ensure that producers are responsible for products is through

Which are duties of OSHA? Check all that apply.investigating worker complaintsinspecting imported foodinspecting businesseslabeling productsprotecting the environment

Which statement explains how regulations on prices affect business practices?

A regulatory agency that makes sure banks follow federal laws is

A regulatory agency that protects workers is

Which statement about general education policy is most accurate?

Milton Friedman led a new economic school of thought called

The chart shows a cost-benefit analysis.

The graph shows Keynes's theory of aggregate demand.

In which situation would government regulation most likely be necessary?

producersconsumersgovernmentprices

Milton Friedman argued that consumers are more likely to alter their behavior based on

free enterprisegovernment regulationKeynesian economicsmonetary policy

Who was known as the "Father of Economics,” whose ideas of free markets inspired classical economic thinkers?

Which of these concerns about educational quality is determined only at the K–12 level of public education?

Look at this chart.

The General Theory of Employment, Interest and Money was written by

Which statements are accurate about Medicare? Select 3 options. It provides medical assistance to senior citizens over age 65.It is administered and regulated by the state government. It makes medical care free for everyone who is enrolled. It is an extension of the government’s Social Security program. It is facing a major funding problem due to an increase in older Americans.

What is the definition of the term “public assistance”?

Which best summarizes the philosophical difference between economists John Maynard Keynes and Adam Smith?

The government sponsors because it contributes to the good of society and the economy.

Which occurred during the Great Depression? Check all that apply.increased aggregate demandnew forms of moneyfalling wagesincreasing pricesplummeting growthsurging unemployment

Monetarism plays a role in economic growth by

US Department of EducationState Department of Educationlocal school boardhigher education association