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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 do the courts protect?
(a) Labor unions.
(b) Property.
(c) Businesses.
(d) Criminals.

2. The author says the Industrial Revolution would never occur under what?
(a) A planned economy.
(b) Communism.
(c) A restrained-trade economy.
(d) Statism.

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

4. When does the gold standard cease to exist?
(a) At the beginning of World War I.
(b) At the end of World War II.
(c) At the beginning of World War II.
(d) At the end of World War I.

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

Short Answer Questions

1. Which does the author predict will win when the principles are clearly defined by the groups hold opposite views?

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

3. What does the author believe is the basic tool of the bureaucrat?

4. The author believes that, in statism, businessmen are what?

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

(see the answer key)

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