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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. Governor Romney says we do not have a system of capitalism but of what?
(a) Retaliation.
(b) Consumerism.
(c) Regulation.
(d) Protectionism.

2. What is one function of money?
(a) A means of processing.
(b) A means of wealth.
(c) A means of saving.
(d) A means of accounting.

3. According to Rand, what must the individual be willing to do in a capitalist society?
(a) Sacrifice for the common good.
(b) Sacrifice for the government.
(c) Sacrifice for money.
(d) Sacrifice for monopolies.

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

5. What is the goal of the creation of the Federal Reserve System?
(a) To create a spending account for the military.
(b) To create a national savings account.
(c) To ease temporary reserve shortages.
(d) To limit the amount of currency in circulation.

Short Answer Questions

1. One of the tactics of this group is to paint capitalism as evil.

2. In the U.S., the economic system isn't a pure capitalist system but is what?

3. When does the gold standard cease to exist?

4. Money functions as a __________ in transactions.

5. The author believes that capitalism cannot function with what?

(see the answer key)

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