Work-Force Concepts Final MCQ Q4 2024

True or False: Government Regulatory Agencies are made for the government to control everything.

• True
• False

True or False: Wage Discrimination exists.

• True
• False

The FDA, EPA, OSHA, and other agencies are how the U.S government:

• Regulates Taxes
• Monitors Workplace Profits
• Protects Consumers
• Reduces Unemployment

Which is an example of a Price Ceiling?

• The government makes it so whiteboard markers must be sold for at least 1 dollar.
• OSHA mandates businesses to give their employees safety equipment.
• An entrepreneur contacts a friend who knows J.Cole.
• The government makes it so rent cannot go past $2800 a month in apartments.

Which is an example of a Price Floor?

• The government makes it so whiteboard markers must be sold for at least 1 dollar.
• OSHA mandates businesses to give their employees safety equipment.
• An entrepreneur contacts a friend who knows J.Cole.
• The government makes it so rent cannot go past $2800 a month in apartments.

Which of the following could be a part of Wage Discrimination?

• Gender
• Age
• Ethnicity
• All of these

What is Wage Discrimination?

• Paying certain people less based on gender, age, or ethnicity
• Paying certain people less for having less skills than others
• Paying certain people less because of taxes
• Paying certain people less because of their time at the job

What is labor?

• The skills and talents a worker can do
• The tools to complete a task
• The people who are of age and are actively looking for work
• The decisions a person makes based off the costs and benefits of the situation

What is the primary goal of expansionary fiscal policy?

• to increase taxes
• to reduce government debt
• to increase consumer spending and boost the economy
• to decrease inflation

What is the term for increasing the money supply to lower interest rates and boost the economy?

• Fiscal Policy
• Quantitative Easing
• Contractionary Monetary Policy
• Expansionary Monetary Policy