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

2. The author believes that, in statism, businessmen are what?
(a) The scapegoats.
(b) The politicians.
(c) The elite.
(d) The taxpayers.

3. What does the author believe brought the world out of feudalism?
(a) Limited trade.
(b) Free trade.
(c) The Industrial Revolution.
(d) Statism.

4. The existence of money promotes the division of what?
(a) Social classes.
(b) Specialties.
(c) Economic classes.
(d) Labor.

5. In a free market, economic power is determined by what?
(a) Inflation.
(b) Supply and demand.
(c) Price and wages.
(d) Surplus.

Short Answer Questions

1. According to the author, in statism, who owns the members of the tribe?

2. Who are against war and the threat of nuclear weapons, according to the author?

3. Which British civil servant says the U.S. antitrust laws cannot be understood?

4. According to the author, statism is often linked to what other "ism"?

5. The author compares statism to what kind of rule?

(see the answer key)

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