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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 author believes that many less-developed countries hate America for what?
(a) Her power.
(b) Her success.
(c) Her beliefs.
(d) Her strength.

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

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

4. 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.

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

Short Answer Questions

1. According to Rand, capitalism is based on what?

2. When does the gold standard cease to exist?

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

4. Who does Algeria fight for independence?

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

(see the answer key)

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