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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. The existence of money promotes the division of what?
(a) Labor.
(b) Economic classes.
(c) Specialties.
(d) Social classes.

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

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

4. The government established by the Founding Fathers is based on theories that began with whom?
(a) Marx.
(b) Plato.
(c) Aristotle.
(d) Socrates.

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

Short Answer Questions

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

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

3. When does the gold standard cease to exist?

4. In a gold-standard system, gold will flow from a low-interest-rate country to where?

5. What is one function of money?

(see the answer key)

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