Capitalism, the Unknown Ideal Quiz | Eight Week Quiz C

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This quiz consists of 5 multiple choice and 5 short answer questions through The Assault on Integrity.

Multiple Choice Questions

1. How are the railroads subsidized?
(a) Tax deductions.
(b) Payments.
(c) Research-and-development deductions.
(d) Land grants.

2. Money functions as a __________ in transactions.
(a) Common denominator.
(b) Similar currency.
(c) National linkage.
(d) Easy standard.

3. Government regulations tend to be _______, meaning that they dictate a minimum standard of what cannot be done.
(a) Negative.
(b) Extreme.
(c) Convoluted.
(d) Limited.

4. What does statism survive on, according to the author?
(a) War.
(b) Trade.
(c) Expansion.
(d) Peace.

5. How many keystones are there to capitalism?
(a) Four.
(b) Seven.
(c) Six .
(d) Five.

Short Answer Questions

1. The author believes that businessmen take the blame for what?

2. When there are _____ ______, firms with good reputations are treated exactly like firms with bad reputations.

3. What, according to the author, does the gold standard facilitate?

4. In a free market, economic power is determined by what?

5. When does the gold standard cease to exist?

(see the answer key)

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