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This quiz consists of 5 multiple choice and 5 short answer questions through The New Fascism: Rule by Consensus.

Multiple Choice Questions

1. When there are _____ ______, firms with good reputations are treated exactly like firms with bad reputations.
(a) Government regulations.
(b) Quality control.
(c) Market incentives.
(d) Customer services.

2. The first labor laws aimed at children are enacted in what year?
(a) 1788.
(b) 1818.
(c) 1798.
(d) 1808.

3. When the investors realize they have a problem and they all try to get out of the market, what results?
(a) Pulling capital.
(b) Panic selling.
(c) Panic buying.
(d) Staying put.

4. Who does Algeria fight for independence?
(a) Britain.
(b) Germany.
(c) Spain.
(d) France.

5. What does Greenspan claim is the best protection for the consumer?
(a) Government regulation.
(b) Independent agencies.
(c) A controlled economy.
(d) The profits of businessmen.

Short Answer Questions

1. What does political economy study?

2. What is trade without any barriers known as?

3. Who is the author of the antitrust chapter?

4. During the Industrial Revolution, where do many children find jobs?

5. According to the author, what is the cause of the Great Depression?

(see the answer key)

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