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This quiz consists of 5 multiple choice and 5 short answer questions through Gold and Economic Freedom.

Multiple Choice Questions

1. What is the goal of the creation of the Federal Reserve System?
(a) To create a national savings account.
(b) To create a spending account for the military.
(c) To limit the amount of currency in circulation.
(d) To ease temporary reserve shortages.

2. What right does the government have that a private organization does not?
(a) The right to sue.
(b) The right to use force.
(c) The right to negotiate.
(d) The right to own property.

3. What is another word for statism?
(a) Collectivism.
(b) Connectivism.
(c) Concernism.
(d) Communism.

4. What are ALCOA, General Electric and other companies said to be engaged in that cause them to be sued under the antitrust laws?
(a) Price fixing.
(b) Labor abuse.
(c) Layoffs.
(d) Mergers and acquisitions.

5. According to the author, what kind of governments use weapons against their own people?
(a) Democracies.
(b) Dictatorships.
(c) Republics.
(d) Communists.

Short Answer Questions

1. According to the author, what will cure economic problems quickest and best?

2. According to the author, statism is often linked to what other "ism"?

3. What does statism survive on, according to the author?

4. What is the name of the theory that states that good is embodied in various actions regardless of benefits and consequences?

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

(see the answer key)

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