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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. What are the two most common metals used as a medium of exchange?
(a) Gold and tin.
(b) Gold and silver.
(c) Gold and bronze.
(d) Gold and iron.

2. In a gold-standard system, gold will flow from a low-interest-rate country to where?
(a) The capital market.
(b) An expansionist economic country.
(c) A high-interest-rate country.
(d) A stable economic country.

3. Instead of reading the antitrust laws to decide if something is legal, people must read what?
(a) History.
(b) Case law.
(c) Supreme Court decisions.
(d) Delaware corporations code.

4. What does the author believe is the basic tool of the bureaucrat?
(a) Disrespect.
(b) Immorality.
(c) Loathing.
(d) Fear.

5. Intellectual property may end up in the public _____ but it does not become public property.
(a) Knowledge.
(b) Domain.
(c) Database.
(d) Area.

Short Answer Questions

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

2. To function as a medium of exchange, an item must be durable and what?

3. During the Industrial Revolution, how do women earn income?

4. What type of businessmen does the author feel are persecuted?

5. The Federal Reserve System was created when the government thought that what was happening?

(see the answer key)

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