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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. In a free market, economic power is determined by what?
(a) Inflation.
(b) Surplus.
(c) Supply and demand.
(d) Price and wages.

2. What does the term "evils of monopoly" refer to?
(a) Coevasive monopoly.
(b) Coercive monopoly.
(c) Corrupt monopoly.
(d) Corrosive monopoly.

3. In a gold-standard system, gold will flow from a low-interest-rate country to where?
(a) A high-interest-rate country.
(b) The capital market.
(c) An expansionist economic country.
(d) A stable economic country.

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

5. Who does the author say would earn more money than Einstein?
(a) Elvis Presley.
(b) Doris Day.
(c) Karl Marx.
(d) Donna Mae.

Short Answer Questions

1. Who are against war and the threat of nuclear weapons, according to the author?

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

3. The author believes that unions serve a valuable service because they do what?

4. When the investors realize they have a problem and they all try to get out of the market, what results?

5. What is the abbreviation for the Aluminum Company of America?

(see the answer key)

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