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

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

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

4. The author believes that capitalism cannot function with what?
(a) Subservience.
(b) Slaves.
(c) Individual rights.
(d) Uneducated workers.

5. 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.

Short Answer Questions

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

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

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

4. The Federal Reserve System was created when the government thought that what was happening?

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

(see the answer key)

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