1. Competency 5 QUIZ Consider your economics objectives as you answer these questions. Treat this like a test Annotate questions and charts. Eliminate wrong answers.

2. Competency 6 Understand the scope of government involvement in the economy including the following: the regulation of industry and labor, the attempts to manipulate the money supply, and the use of tariffs or trade agreements to protect or expand U.S. business interests.

3. Competency 6 Understand the scope of government involvement in the economy including the following: the regulation of industry and labor, the attempts to manipulate the money supply, and the use of tariffs or trade agreements to protect or expand U.S. business interests. How and how much…

4. Competency 6 Understand the scope of government involvement in the economy including the following: the regulation of industry and labor, the attempts to manipulate the money supply, and the use of tariffs or trade agreements to protect or expand U.S. business interests. How and how much… Restrictions/limits

5. Competency 6 Understand the scope of government involvement in the economy including the following: the regulation of industry and labor, the attempts to manipulate the money supply, and the use of tariffs or trade agreements to protect or expand U.S. business interests. How and how much… Restrictions/limits Businesses and Workers

6. Competency 6 Understand the scope of government involvement in the economy including the following: the regulation of industry and labor, the attempts to manipulate the money supply, and the use of tariffs or trade agreements to protect or expand U.S. business interests. How and how much… Restrictions/limits Businesses and Workers Bimetallism/ Silver Standard and the Federal Reserve

7. Competency 6 Understand the scope of government involvement in the economy including the following: the regulation of industry and labor, the attempts to manipulate the money supply, and the use of tariffs or trade agreements to protect or expand U.S. business interests. How and how much… Restrictions/limits Businesses and Workers Bimetallism/ Silver Standard and the Federal Reserve Taxes on imports/NAFTA/WTO

8. Objective 6a Cite and explain evidence that led to the transition of the US economy from laissez- faire capitalism to an increasingly regulated economy.

9. Objective 6a Cite and explain evidence that led to the transition of the US economy from laissez- faire capitalism to an increasingly regulated economy. proof

10. Objective 6a Cite and explain evidence that led to the transition of the US economy from laissez- faire capitalism to an increasingly regulated economy. proof Government is hands-off of business/no interference

11. Objective 6a Cite and explain evidence that led to the transition of the US economy from laissez- faire capitalism to an increasingly regulated economy. proof Government is hands-off of business/no interference Government restricted

12. Objective 6b Analyze and evaluate historical arguments regarding monetary policy.

13. Objective 6b Analyze and evaluate historical arguments regarding monetary policy. The process by which the government controls the money supply (Federal Reserve, Income Tax…)

14. Objective 6c Critique the governments use of tariffs and trade agreements.

15. Objective 6c Critique the governments use of tariffs and trade agreements. Tax on imported goods

16. Objective 6c Critique the governments use of tariffs and trade agreements. Tax on imported goods NAFTA/WTO

17. Objective 6d Evaluate deficit spending as a means of financing government programs.

18. Objective 6d Evaluate deficit spending as a means of financing government programs. Spending borrowed money creating a deficit

19. Objective 6d Evaluate deficit spending as a means of financing government programs. Spending borrowed money creating a deficit Paying for/ funding

20. Objective 6d Evaluate deficit spending as a means of financing government programs. Spending borrowed money creating a deficit Paying for/ fundingNew Deal…