AnswersVHS-Economics and Personal FinanceMonetary Policy: The Federal Reserve

Labor Answers

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1
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How were the earliest benefits of the Industrial Revolution distributed between factory owners and workers?

A
The lives of both factory owners and workers improved greatly.
B
Workers were able to care for their families at the expense of factory owners.
C
Factory owners benefited greatly, while conditions for workers were poor.
D
A sudden creation of wealth raised incomes for factory owners and workers worldwide.
2
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Answers:
According to the chart, union membership peaked around .:1945
Membership began steadily to after 1970.:decline
In 2000, about % of workers were members of a union.:12
3

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The minimum wage reached $5 an hour in .:1997
In 2009, the minimum wage reached about an hour.:$7
4

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Answers:
laws require businesses to pay workers at least a certain amount.:Minimum wage
The federal agency responsible for overseeing workplace safety regulations is the Department of .:Labor
5

Which occupation is likely to experience growth in the next ten years?

A
home health-care aide
B
sewing-machine operator
C
mail carrier
D
reporter

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Monetary Policy: The Federal Reserve