In the Midst of an Economic Crisis,when Foreclosures Have Become

question 44

Multiple Choice

In the midst of an economic crisis,when foreclosures have become a common feature in the country in response,Jenna and her family lose their home because her parents can no longer pay the mortgage.Jenna would be using a sociological imagination to think about this if she were to:

• A)blame her mother for not working hard enough
• B)wonder why her father does not just find a new job
• C)consider how it might be strange that we live in a world that allows people to be thrown out of their homes
• D)think about ways she can contribute financially to buying their house back
• E)ponder how she might find employment to avoid having the same problems her parents are having in a bad economy

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Definitions:

Clayton Act

The federal antitrust law of 1914 that strengthened the Sherman Act by making it illegal for firms to engage in certain specified practices including tying contracts, interlocking directorates, and certain forms of price discrimination.

Wagner Act

Officially known as the National Labor Relations Act of 1935, it is a foundational statute of United States labor law which guarantees basic rights of private sector employees to organize into trade unions, engage in collective bargaining, and take collective action including strikes.

FTC Act

A federal law established to prevent unfair methods of competition, and unfair or deceptive acts affecting commerce.

Celler-Kefauver Act

The federal law of 1950 that amended the Clayton Act by prohibiting the acquisition of the assets of one firm by another firm when the effect would be less competition.