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

2. What is one of the negatives that political power uses?
(a) Threat of imprisonment.
(b) Regulation.
(c) Restrictions.
(d) Taxes.

3. What does the author believe is the basic tool of the bureaucrat?
(a) Fear.
(b) Loathing.
(c) Disrespect.
(d) Immorality.

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

5. What right does the government have that a private organization does not?
(a) The right to use force.
(b) The right to own property.
(c) The right to negotiate.
(d) The right to sue.

Short Answer Questions

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

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

3. What are the two most common metals used as a medium of exchange?

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

5. When there is a conflict among groups that do not have the same principles, which does the author predict will win?

(see the answer key)

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