econ

Labor movement refers to the
increasing number of jobs available to Americans in the nineteenth century
movement of workers from farms to the industrial cities
efforts of workers to improve their economic position
building of the railroads

The labor movement resulted in
competition for jobs in the cities, making it hard for people to find work
a large population of unskilled workers in the cities
outlawing of child labor, in eight-hour work days, and in safer working conditions
the elimination of labor unions

A labor union is
an organization of workers who seek better treatment for workers
an organization that takes part in collective bargaining with employers
an organization that may resort to going on strike if its demands are not met
all of the above

The War Industries Board
converted businesses to the war effort during World War I
did not have any power during World War I
converted businesses to produce needed products during the Great Depression
helped produce a United States depression during World War I

One of the most important economic results of World War I for the United States was
the Great Depression
a recession
the United States moving from being a creditor nation to being a debtor nation
the United States moving from being a debtor nation to being a creditor nation

New technology and consumer spending created
the economic prosperity of the 1920s
the Great Depression
the New Deal
the labor movement

During the Great Depression, the major reason for farmers receiving low prices for their crops was
underproduction
corruption
overproduction
poor farming methods

The three Rs of the Great Depression were
relief, recession, and reform
reform, relief, and recovery
research, read, and reform
reform, recession, and research

During the Hundred Days
Roosevelt awaited his inauguration and prepared a strategy
Congress passed many major bills to help relieve the Great Depression
Roosevelt developed a clear idea of how to solve the nation’s economic problems
Congress delayed action on Roosevelt’s legislation

The Federal Deposit Insurance Corporation
insured bank depositors’ savings
replaced Hoover’s Reconstruction Finance Corporation
regulated the stock and bond markets
regulated the savings and loan industry

The Social Security Act sought to help
the unemployed
the unemployable
the elderly
all of the above

The Civilian Conservation Corps
provided work to single young men, requiring them to send most of the money home to their families
provided work to Americans in order to generate electrical power and control floods around the Tennessee River
promoted fair competition in all industries
all of the above

The Agriculture Adjustment Act brought much criticism because
it drove the price of food lower than it had ever been
it offered farmers money to destroy crops and leave land uncultivated
it decreased employment of farmers
it increased the number of farms in the United States

The most significant legacy of the New Deal is
a decrease in federal programs and in the size of the federal government
an increase in the size of the federal government and expansion of government programs
separation of church and state
The New Deal did not leave any lasting impact on the United States.

What actually brought the United States completely out of the Great Depression?
the New Deal
the Second New Deal
World War II
World War I

The purpose of the Montgomery GI Bill was to
help all families recover after World War II
help all disabled veterans receive medical care
expand the military during the Cold War
provide economic assistance, including education and housing assistance, to all veterans

The state of hostility that existed between the two world powers from World War II through the 1980s was called
the Cold War
World War II
tension
immigration

During the Cold War, the United States government spent large amounts of money
on defense, including atomic warfare
on the space program
in order to outspend the Soviet Union and end the Cold War
all of the above

Which of the following was a cause of the recession of the 1980s?
insufficient production in the United States
overproduction
large government deficits and increased consumer spending
increasing employment

President Ronald Reagan’s new economic strategy, Reaganomics, included
raising taxes and increasing spending
cutting taxes and decreasing government spending
cutting taxes and increasing government spending on domestic programs
raising taxes

The economic prosperity of the 1990s was primarily due to
the new economy created by the Internet
the development of the computer industry
the dot-com businesses which developed in the 1990s
all of the above

Entry level economists typically must have a
GED
high school diploma
bachelor’s degree
Ph.D.

Economic knowledge
is only important if you are an economist
is only sought after by the government
is important in every job
is not important to anyone

Economists are hired by private businesses to
do general labor
program computers
analyze economic data
manage companies

I successfully completed the Interview Activity located at the end of objective 3.
true
false