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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 capitalism.
(b) A mixed socialism.
(c) A mixed system.
(d) A mixed economy.

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

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

4. The Federal Reserve System was created when the government thought that what was happening?
(a) A depression.
(b) A shortage of bank reserves.
(c) A shortage of interest reserves.
(d) A recession.

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

Short Answer Questions

1. The author believes that many less-developed countries hate America for what?

2. The government established by the Founding Fathers is based on theories that began with whom?

3. Among those countries of the world that have had fascist dictatorships, a favorable opinion of _______ is found.

4. When does the gold standard cease to exist?

5. The existence of money allows people to avoid the problems of ______.

(see the answer key)

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