The 2010 healthcare reform, known officially as __________, does not go nearly as far as most
European and Canadian medical insurance and lacks a public option.
A) the Federal Health and Welfare Act B) Obamacare C) the Affordable Care Act D) the Medical and Dental Reform Act
Which U.S. president is responsible for implementing Food Stamps as a nationwide program?
A) John F. Kennedy B) Lyndon B. Johnson C) Richard Nixon D) Jimmy Carter
In 1996, President Clinton signed a major welfare reform that __________.
A) ended the Aid to Families with Dependent Children program that provided federal matching funds to the states to help the poor, mostly single mothers
B) restructured the Food Stamps program to distribute aid only to citizens and families far below the poverty line
C) reduced funding to the Women, Infants, and Children (WIC) program, which provides healthy food options to mothers with young children
D) introduced healthcare reforms, ensuring that all U.S. citizens under 24 years of age would be covered
Analyze the role of derivatives in the recent housing market bubble.
A) Deriving their value from real estate speculation, derivatives created a volatile value system. B) Derivatives fluctuate widely in value, which led many investors to buy, only to lose large sums upon downward fluctuation. C) Derivatives became so complex that no one could understand them, which masked losses and made assets extremely difficult to evaluate. D) Derivatives forced many banking institutions to sell or close, condensing the control of the finance industry into a few small hands.
Since the 1950s, the American unionized workforce has declined from 40 to __________.
A) 7 B) 16 C) 24 D) 33
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