Capitalism, the Unknown Ideal Test | Mid-Book Test - Medium

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This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

1. Who is the author of the "Gold and Economic Freedom" chapter?
(a) Theodore Huffington.
(b) Alan Greenspan.
(c) Marcus Bludger.
(d) Richard Fullerton.

2. What do the courts protect?
(a) Businesses.
(b) Property.
(c) Labor unions.
(d) Criminals.

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

4. The author compares statism to what kind of rule?
(a) Mob rule.
(b) Gang rule.
(c) Elitist rule.
(d) Dictator rule.

5. What is the name of the theory that states that good is embodied in various actions regardless of benefits and consequences?
(a) The adherence theory.
(b) The implication theory.
(c) The intrinsic theory.
(d) The subjectivist theory.

Short Answer Questions

1. Antitrust laws are written in the popular belief that if businesses were left free, what would result?

2. What is the goal of the creation of the Federal Reserve System?

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

4. Intellectual property may end up in the public _____ but it does not become public property.

5. What is the name of the railroad company in California that holds a virtual monopoly?

Short Essay Questions

1. Why do capital markets affect prices?

2. What are pre-capitalist societies based on?

3. What problems do the airwaves run into in the beginning of radio?

4. What does Branden claim is a fallacy of Marxism?

5. What does the author believe happens if a nation doesn't respect the rights of its citizens?

6. Why are people terrified of war, according to the author?

7. What are patents and copyrights?

8. How are businessmen persecuted?

9. How does a government protect its citizens?

10. How does the existence of money help people?

(see the answer keys)

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