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This quiz consists of 5 multiple choice and 5 short answer questions through The Obliteration of Capitalism.

Multiple Choice Questions

1. In the U.S., the economic system isn't a pure capitalist system but is what?
(a) A mixed system.
(b) A mixed capitalism.
(c) A mixed economy.
(d) A mixed socialism.

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

3. What, according to the author, does the gold standard facilitate?
(a) Trade and growth.
(b) Growth and sales.
(c) Trade and production.
(d) Production and sales.

4. One of the tactics of this group is to paint capitalism as evil.
(a) Democrats.
(b) Communists.
(c) Liberals.
(d) Dictators.

5. What are the two most common metals used as a medium of exchange?
(a) Gold and bronze.
(b) Gold and iron.
(c) Gold and tin.
(d) Gold and silver.

Short Answer Questions

1. Who does Algeria fight for independence?

2. To function as a medium of exchange, an item must be durable and what?

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

4. When does the gold standard cease to exist?

5. According to the author, many less-developed countries feel ______ by capitalism.

(see the answer key)

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