1.This type of "shop" only hires union members and is now illegal.
a.Agency
b.Closed
c.Open
d.Union
2.What occurred during the Free Banking Era?
a.Currency varied widely from state to state.
b.Repaying of loans was not closely monitored.
c.The Second Bank of the United States was established.
d.The dollar bill was introduced.
3.The National Banking Acts of 1863 and 1864 did NOT grant the government which of the following powers?
a.the power to issue a single national currency
b.the power to back money with precious gems
c.the power to charter banks
d.the power to require banks to hold adequate gold and silver reserves
4. Which of the following was NOT a cause of the Savings and Loan crisis of the 1980s?
a.bad loans
b.the Gold Reserve Act
c.high interest rates
d.deregulations of the industry
5.What is the purpose of the Federal Deposit Insurance Corporation (FDIC)?
a.to make sure that banks do not fail
b.to make sure that customers do not lose money if a bank fails
c.to make sure that banks charge a fair amount of interest on loans
d.to make sure that the government has enough gold to cover its expenses
5.In an agency shop, nonunion workers are hired and do not have to join the union, however they must pay union dues or similar fees and are covered by the union contract.
a.True
b.False
6.Trade union and craft union do not mean the same thing.
a.True
b.False
7.Conglomerates usually consist of companies that produce the same goods or services and compete in the same markets.
a.True
b.False
8.Nonprofit organizations are not taxed by the government.
a.True
b.False
9.Wages have decreased because competition from foreign companies has increased the demand for low-skilled workers.
a.True
b.False