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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. The author believes that businessmen take the blame for what?
(a) Recessions.
(b) Capitalism.
(c) Depressions.
(d) Government actions.

2. Who is the author of the "Gold and Economic Freedom" chapter?
(a) Theodore Huffington.
(b) Marcus Bludger.
(c) Richard Fullerton.
(d) Alan Greenspan.

3. What is the name of the railroad company in California that holds a virtual monopoly?
(a) Coastal Pacific.
(b) Main Pacific.
(c) Western Pacific.
(d) Central Pacific.

4. According to the author, statism is often linked to what other "ism"?
(a) Conservatism.
(b) Republicanism.
(c) Militarism.
(d) Liberalism.

5. What type of businessmen does the author feel are persecuted?
(a) American businessmen.
(b) Local businessmen.
(c) Foreign businessmen.
(d) Small businessmen.

Short Answer Questions

1. Who is J.J. Hill?

2. In a free market, economic power is determined by what?

3. Instead of reading the antitrust laws to decide if something is legal, people must read what?

4. What, according to the author, does the gold standard facilitate?

5. What are ALCOA, General Electric and other companies said to be engaged in that cause them to be sued under the antitrust laws?

(see the answer key)

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