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This quiz consists of 5 multiple choice and 5 short answer questions through Notes on the History of American Free Enterprise.

Multiple Choice Questions

1. What is the first antitrust legislation?
(a) The Taft Act.
(b) The Humphry Act.
(c) The Trump Act.
(d) The Sherman Act.

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

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

4. Who is the author of the "Gold and Economic Freedom" chapter?
(a) Alan Greenspan.
(b) Marcus Bludger.
(c) Theodore Huffington.
(d) Richard Fullerton.

5. The author states that most wars are started by countries with what?
(a) Restricted economies.
(b) Restrained trade.
(c) Fair trade.
(d) Controlled economies.

Short Answer Questions

1. What are the two most common metals used as a medium of exchange?

2. The bloodiest conflicts in history have been _______ _______.

3. According to the author, what kind of governments use weapons against their own people?

4. What subject does Stewart Holbrook write about?

5. According to the author, in statism, who owns the members of the tribe?

(see the answer key)

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