Final - 2nd 30

Question 1

A set aside contract is a

Answer 1

government program that attempts to overcome unfair hiring practices

Question 2

Employers resented the strikes so they sometimes called for a

Answer 2

lockout, refusal to let employees work

Question 3

The Great Depression brought misery to millions, but

Answer 3

changed attitudes toward the labor movement. There were renewed efforts to organize workers

Question 4

Seizure is

Answer 4

temporary government takeover of a company

Question 5

A closed shop only hires

Answer 5

union members. It became illegal under the top-hartey Act 1947

Question 6

A union shop require

Answer 6

workers to join the union, a modified union shop doesn’t

Question 7

An injunction is a

Answer 7

court order instructing one side to act or not act

Question 8

Collective bargaining is

Answer 8

negotiation between union and management representative

Question 9

The income earned by females has only been…

Answer 9

a fraction of that earned by males partially because of uneven distribution of men and women among various occupations the differences in human and discrimination

Question 10

In the industrial post-civil war period, the two main types of labor union dominated…

Answer 10

The first was the craft union or trade union of skilled workers an the second type of union was the industrial union - an associated in the same industry

Question 11

Keynes

Answer 11

investment sector (I)

Question 12

Entitlements

Answer 12

broad social programs that use established eligibility requirements to provide income supplements

Question 13

Supply-side policies target

Answer 13

producers, who are also suppliers, to stimulate their output, and therefore provide jobs

Question 14

A key goal for supply-siders is to

Answer 14

reduce the economic role of the federal government

Question 15

Supply-siders think government

Answer 15

dampens production and slows growth

Question 16

President Reagan tried to shrink the government

Answer 16

but was unsuccessful but lower taxes increased income

Question 17

Supply-siders want

Answer 17

deregulation, relaxing, or removing government regulations

Question 18

Macroeconomics focuses on the

Answer 18

economy as a whole

Question 19

Aggregate supply assumes that the

Answer 19

money supply is fix and the price level stays the same during the period

Question 20

A way to raise revenues is for

Answer 20

governments to issue debt. They sell bonds in the credit market

Question 21

Budgeting is getting

Answer 21

control of what you spend. It will prevent going into debt and makes life easier

Question 22

As a borrower you would want a

Answer 22

low interest rate

Question 23

Collateral is used mostly to

Answer 23

buy homes or cars. If you don’t make the payments, the lender takes back the house or car.

Question 24

A secured credit card is obtained at the

Answer 24

bank after you make a deposit about $300 and you get a credit card and can make purchases up to that amount.

Question 25

Business organizations include:

Answer 25

sole proprietorship - owned by one person

Question 26

Stockholders

Answer 26

own a share in a corporation

Question 27

Corporations are business that

Answer 27

have rights and responsibilities of an individual and are made up of stockholders who invest and receive profits