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APEX Econ 5.4: The Government Is a Police Officer

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

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