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Name: _________________________ | Period: ___________________ |
This quiz consists of 5 multiple choice and 5 short answer questions through Notes on the History of American Free Enterprise.
Multiple Choice Questions
1. What is trade without any barriers known as?
(a) Capitalist trade.
(b) Free trade.
(c) Expansionist trade.
(d) Limited trade.
2. According to classical economics, what is the basis of competition?
(a) Producing and selling as much as possible.
(b) Producing and selling in a regulated system.
(c) Producing and selling in a down market.
(d) Producing and selling for profit.
3. Railroads are built using government money, and what happens to many of them?
(a) They abuse their workers.
(b) They go bankrupt.
(c) They prosper.
(d) They repay the investors.
4. What does the author believe is the basic tool of business?
(a) Wages.
(b) Land.
(c) Labor.
(d) Values.
5. Who are against war and the threat of nuclear weapons, according to the author?
(a) Activists.
(b) Peace proponents.
(c) Entire populations.
(d) Governments.
Short Answer Questions
1. What is the abbreviation for the Aluminum Company of America?
2. The author believes that, in statism, businessmen are what?
3. Who is the author of the "Gold and Economic Freedom" chapter?
4. The author compares statism to what kind of rule?
5. The existence of money allows people to avoid the problems of ______.
This section contains 195 words (approx. 1 page at 300 words per page) |
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