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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. To function as a medium of exchange, an item must be durable and what?
(a) Sturdy.
(b) Plentiful.
(c) Scarce.
(d) Common.

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

3. According to the author, many less-developed countries feel ______ by capitalism.
(a) Neglected.
(b) Pleased.
(c) Threatened.
(d) Harassed.

4. According to Rand, capitalism is based on what?
(a) Government interference.
(b) Self-motivation.
(c) Altruistic principles.
(d) Open borders.

5. Among those countries of the world that have had fascist dictatorships, a favorable opinion of _______ is found.
(a) Oligarchism.
(b) Capitalism.
(c) Monarchism.
(d) Socialism.

Short Answer Questions

1. According to Rand, what must the individual be willing to do in a capitalist society?

2. Money functions as a __________ in transactions.

3. Who is the author of the "Gold and Economic Freedom" chapter?

4. Governor Romney says we do not have a system of capitalism but of what?

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

(see the answer key)

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