18. Unit 6-7: Teddy Roosevelt (2) Question Preview (ID: 51678)


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According to the video instructor, the idea of a__________ regulating business practices is not needed if consumers would act.
a) Third Party
b) President
c) Company
d) Animal

Teddy Roosevelt gets involved in the__________ labor dispute and the worker’s won.
a) Gold Strike
b) Factory Strike
c) Slavery
d) Coal Strike

The labor dispute that Teddy Roosevelt was involved in resulted in a increase for workers
a) 10%
b) 50%
c) 30%
d) .0010%

According to the video, government should not be involved and private business and the __________ should determine the course of business.
a) People
b) Owners
c) Market
d) NYSE

When demand goes up then the__________ goes up as well.
a) Supply
b) Demand
c) GDP
d)

The government determining wages of workers is considered by some to decrease the of workers in turn raising the price of workers.
a) Supply
b) Demand
c) Price
d) Third Party

The video instructor utilized__________ as an example of supply and demand of workers.
a) Julius Erving
b) Magic Johnson
c) Micheal Jordan
d) Lebron James

When something is desired it then the__________ of it goes up accordingly.
a) Price
b) Demand
c) Supply
d) Availability

According to the video instructor, supply and demand are no longer theories they are now ________
a) Laws
b) Natural
c) Unnatural
d) Hypothesis

__________ Can regulate themselves by a consumer and a business agreeing upon a price that is based on the supply and demand without government intervention.
a) People
b) Democrats
c) Markets
d) Government

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