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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. When there is a conflict among groups that do not have the same principles, which does the author predict will win?
(a) The most rational entity.
(b) The entity that has society's good as a purpose.
(c) The more evil or irrational entity.
(d) The entity with the most power.

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

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

4. 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.

5. What is the first antitrust legislation?
(a) The Trump Act.
(b) The Humphry Act.
(c) The Taft Act.
(d) The Sherman Act.

Short Answer Questions

1. The author says the Industrial Revolution would never occur under what?

2. The results of intellectual property may be ______, but the intellectual property itself may not be.

3. Patents apply to what?

4. How does the author refer to a principle?

5. What do patents and copyright protect?

(see the answer key)

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