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This quiz consists of 5 multiple choice and 5 short answer questions through The Anatomy of Compromise.

Multiple Choice Questions

1. The Federal Reserve System was created when the government thought that what was happening?
(a) A shortage of interest reserves.
(b) A shortage of bank reserves.
(c) A depression.
(d) A recession.

2. Who does the author predict will win when there is a conflict between groups with the same principles?
(a) The man with the most knowledge.
(b) The man with the most altruism.
(c) The man with the most consistent behavior.
(d) The man with the most power.

3. During the Industrial Revolution, where do many children find jobs?
(a) In homes.
(b) In stores.
(c) In factories.
(d) In restaurants.

4. Money functions as a __________ in transactions.
(a) National linkage.
(b) Similar currency.
(c) Easy standard.
(d) Common denominator.

5. To function as a medium of exchange, an item must be durable and what?
(a) Sturdy.
(b) Common.
(c) Scarce.
(d) Plentiful.

Short Answer Questions

1. The first labor laws aimed at children target those working as what?

2. What is one of the negatives that political power uses?

3. Which British civil servant says the U.S. antitrust laws cannot be understood?

4. The author believes that, in statism, businessmen are what?

5. What is the goal of the creation of the Federal Reserve System?

(see the answer key)

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