APEX Econ 5.4: The Government Is a Police Officer – Flashcards
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Which of these is an example of a land-use law?
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A town zones an area for residential buildings only
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Which of these is an example of a zoning ordinance?
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A town allows only residential buildings in a certain area
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Which of these is an example of eminent domain?
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A county forces people to sell their homes to build a highway
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Which of these is an example of a labor law?
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A restriction on when a union may call a strike
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What is the purpose of labor laws?
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To protect workers
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Which of these is an example of a labor law?
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A restriction of the number of hours 16-year-olds can work
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What is the purpose of a price ceiling?
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To protect the poor
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What is the purpose of a price ceiling?
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A surplus of supply
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What is one effect of a price ceiling?
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A shortage of supply
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Which of these is not an example of a trade restriction?
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Rationing
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Which of these is not an example of a trade restriction?
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The government prevents a cartel of steel manufacturers from fixing prices
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Which of these is not an example of a trade restriction?
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Taking land to build an airport
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Why might the government freeze assets?
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To stop terrorists
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What do capital controls prevent?
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Speculators from rushing into and out of a country's market and disrupting its economy
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How can the government prevent speculators from rushing into and out of the country's market and disrupting its economy?
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By using capital controls
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Match each type of restriction with one of its effects. A. Land-use laws B. Labor laws C. Banking regulations
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A. Controlled development of towns and cities B. Protection of young workers C. Greater financial stability
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Match each type of restriction with one of its purposes. A. Price controls B. Trade restrictions C. Labor laws
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A. Protect certain producers B. Protect domestic producers C. Ensure a basic living wage
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Match each type of restriction with one of its effects. A. Trade restrictions B. Labor laws C. Banking regulations
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A. Higher prices for consumers B. Regulations of union activities C. Stability for the economy
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Compulsory education restricts whose freedom?
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Parents
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What is one way the U.S. government currently restricts educational freedom?
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By requiring all children to receive at least an eighth-grade education
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Segregation was a limitation on what?
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Educational freedom
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Censorship puts a limit on what?
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Freedom of expression
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Freedom of expression is limited by what?
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Censorship
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When the government uses censorship, it puts a limit on what?
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Freedom of expression
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What is one economic effect of environmental-protection laws?
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Higher prices for consumers
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What is one downside to environmental-protection laws?
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They increase unemployment
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What is one positive effect of environmental-protection laws?
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Natural resources necessary for production are safeguarded
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Match each type of government restriction with one of its economic effects. A. Educational requirments B. Censorship C. Environmental protection
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A. Provides workers with basic skills B. Stunts innovation C. Safeguards productive resources
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Match each type of government restriction with one of its downsides. A. Educational requirments B. Censorship C. Environmental protection
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A. Reduction of parental freedom B. Limitation of individual development C. Loss of jobs
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Match each type of government restriction with one of its effects. A. Educational requirments B. Censorship C. Environmental protection
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A. Opportunites provided B. Prices increased C. Innovation stunted
