Capitalism, the Unknown Ideal Quiz | Four Week Quiz A

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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. A fear of _______ leads to the passage of the first antitrust laws.
(a) Monopolies.
(b) Trusts.
(c) Oligarchies.
(d) Conglomerates.

2. Who is the author of the antitrust chapter?
(a) Arnold Greenspan.
(b) Alan Greenspan.
(c) Arnod Greenspan.
(d) Alex Greenspan.

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

4. The Aluminum Company of America holds a position as the only producer of what?
(a) Secondary aluminum.
(b) Tin-aluminum.
(c) Aluminum alloy.
(d) Primary aluminum.

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

Short Answer Questions

1. The power of the railroads, according to the author, comes from where?

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

3. The most successful railroads, according to the author, do what?

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

5. What does the author believe is the basic tool of the bureaucrat?

(see the answer key)

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