Capitalism, the Unknown Ideal Quiz | Two Week Quiz A

This set of Lesson Plans consists of approximately 126 pages of tests, essay questions, lessons, and other teaching materials.

Capitalism, the Unknown Ideal Quiz | Two Week Quiz A

This set of Lesson Plans consists of approximately 126 pages of tests, essay questions, lessons, and other teaching materials.
Buy the Capitalism, the Unknown Ideal Lesson Plans
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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 the two most common metals used as a medium of exchange?
(a) Gold and silver.
(b) Gold and bronze.
(c) Gold and tin.
(d) Gold and iron.

2. Money functions as a __________ in transactions.
(a) National linkage.
(b) Easy standard.
(c) Common denominator.
(d) Similar currency.

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

4. How does the author refer to a principle?
(a) As a proven truth.
(b) As a selected truth.
(c) As a general truth.
(d) As a discovered truth.

5. During the Industrial Revolution, how do women earn income?
(a) In the streets.
(b) By working from home.
(c) In the brothels.
(d) In the factories.

Short Answer Questions

1. In a free market, economic power is determined by what?

2. In a gold-standard system, gold will flow from a low-interest-rate country to where?

3. What right does the government have that a private organization does not?

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

5. What are ALCOA, General Electric and other companies said to be engaged in that cause them to be sued under the antitrust laws?

(see the answer key)

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