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This quiz consists of 5 multiple choice and 5 short answer questions through The Anatomy of Compromise.

Multiple Choice Questions

1. What are ALCOA, General Electric and other companies said to be engaged in that cause them to be sued under the antitrust laws?
(a) Layoffs.
(b) Mergers and acquisitions.
(c) Labor abuse.
(d) Price fixing.

2. During the Industrial Revolution, where do many children find jobs?
(a) In stores.
(b) In factories.
(c) In homes.
(d) In restaurants.

3. In a free market, economic power is determined by what?
(a) Surplus.
(b) Inflation.
(c) Price and wages.
(d) Supply and demand.

4. Which British civil servant says the U.S. antitrust laws cannot be understood?
(a) A.D. Gershwin.
(b) A.D. Neale.
(c) A.D. Foster.
(d) A.D. Brookings.

5. Patents apply to what?
(a) Inventions.
(b) Land.
(c) Theoretical knowledge.
(d) Personal information.

Short Answer Questions

1. What is one function of money?

2. Instead of reading the antitrust laws to decide if something is legal, people must read what?

3. To function as a medium of exchange, an item must be durable and what?

4. Intellectual property may end up in the public _____ but it does not become public property.

5. What does the author believe is the basic tool of business?

(see the answer key)

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