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

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

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

4. Which British civil servant says the U.S. antitrust laws cannot be understood?
(a) A.D. Gershwin.
(b) A.D. Foster.
(c) A.D. Neale.
(d) A.D. Brookings.

5. When does the gold standard cease to exist?
(a) At the beginning of World War I.
(b) At the end of World War II.
(c) At the end of World War I.
(d) At the beginning of World War II.

Short Answer Questions

1. Instead of reading the antitrust laws to decide if something is legal, people must read what?

2. What right does the government have that a private organization does not?

3. The author compares statism to what kind of rule?

4. What is another word for statism?

5. What is the first antitrust legislation?

(see the answer key)

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