Question

Which of these is an example of eminent domain?

Responses

A city charges a tax of 2% on the value of all homes.

A city charges a tax of 2% on the value of all homes.

A state requires each town to build a school.

A state requires each town to build a school.

A town zones an area for residential buildings only.

A town zones an area for residential buildings only.

A county forces people to sell their homes to build a highway.\



Which of these is an example of a labor law?

Responses

restriction on when a union may call a strike

restriction on when a union may call a strike

limitation on building types in an industrial area

limitation on building types in an industrial area

regulation against production limitation

regulation against production limitation

requirement that products be truthfully labeled








What is the purpose of a price ceiling?

Responses

bring about a surplus

bring about a surplus

increase production

increase production

enable rationing

enable rationing

protect the poor










What is the purpose of a price ceiling?

Responses

bring about a surplus

bring about a surplus

increase production

increase production

enable rationing

enable rationing

protect the poor









How can the government prevent speculators from rushing into and out of the country's market and disrupting its economy?

Responses

using capital controls

using capital controls

freezing someone's assets

freezing someone's assets

using a quota

using a quota

stopping money laundering









Which is a purpose of trade restrictions?

Responses

control development of towns and cities

control development of towns and cities

protect workers

protect workers

create financial stability

create financial stability

protect domestic producers










What is one way the U.S. government currently restricts educational freedom?

Responses

allowing public schools to admit only either men or women

allowing public schools to admit only either men or women

requiring all children to receive at least an eighth-grade education

requiring all children to receive at least an eighth-grade education

preventing parents from homeschooling their children

preventing parents from homeschooling their children

segregating students into black and white schools

segregating students into black and white schools

Answer 1

1) Example of eminent domain:
- A county forces people to sell their homes to build a highway.

2) Example of a labor law:
- Restriction on when a union may call a strike.

3) Purpose of a price ceiling:
- Protect the poor. (Also can lead to rationing, but primary purpose is to keep prices affordable.)

4) How to prevent speculators from rushing into/out of a market:
- Using capital controls.

5) Purpose of trade restrictions:
- Protect domestic producers.

6) One way the U.S. government currently restricts educational freedom:
- Requiring all children to receive at least an eighth-grade education (compulsory schooling laws).