View a FREE sample

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. The author compares statism to what kind of rule?
(a) Mob rule.
(b) Dictator rule.
(c) Elitist rule.
(d) Gang rule.

2. How are the railroads subsidized?
(a) Research-and-development deductions.
(b) Tax deductions.
(c) Payments.
(d) Land grants.

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

4. What is the result of railroad subsidies by the government?
(a) Massive construction.
(b) Substandard construction.
(c) Well-done construction.
(d) Rapid construction.

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

Short Answer Questions

1. What is one of the negatives that political power uses?

2. What is another word for statism?

3. The existence of money promotes the division of what?

4. What is the name of the railroad company in California that holds a virtual monopoly?

5. When does the gold standard cease to exist?

(see the answer key)

This section contains 177 words (approx. 1 page at 300 words per page) View a FREE sample