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This quiz consists of 5 multiple choice and 5 short answer questions through Alienation.

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 limit the amount of currency in circulation.
(c) To ease temporary reserve shortages.
(d) To create a spending account for the military.

2. Copyrights apply to what?
(a) Medicines.
(b) Ideas.
(c) Physical items.
(d) Actual locations.

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

4. According to the author, what will cure economic problems quickest and best?
(a) Protectionism.
(b) Restrictions of trade.
(c) The economy.
(d) Government.

5. What does the author blame for warping students' hopes and viewpoints?
(a) Lack of moral grounding.
(b) The professors.
(c) Modern sociology.
(d) Modern philosophy.

Short Answer Questions

1. What kind of rights, according to the author, is the American system of government based on?

2. According to classical economics, what is the basis of competition?

3. The author believes that when the ban on physical force is breached, then there is no what?

4. The term "evils of monopoly" refers to a situation in which the monopolist is completely ______ of the market.

5. What do political economists assume that man is working for?

(see the answer key)

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