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This quiz consists of 5 multiple choice and 5 short answer questions through Antitrust.

Multiple Choice Questions

1. What is the name of the theory that states that good is embodied in various actions regardless of benefits and consequences?
(a) The adherence theory.
(b) The subjectivist theory.
(c) The implication theory.
(d) The intrinsic theory.

2. What is another word for statism?
(a) Connectivism.
(b) Collectivism.
(c) Concernism.
(d) Communism.

3. Which British civil servant says the U.S. antitrust laws cannot be understood?
(a) A.D. Foster.
(b) A.D. Gershwin.
(c) A.D. Neale.
(d) A.D. Brookings.

4. What are ALCOA, General Electric and other companies said to be engaged in that cause them to be sued under the antitrust laws?
(a) Layoffs.
(b) Mergers and acquisitions.
(c) Price fixing.
(d) Labor abuse.

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

Short Answer Questions

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

2. The power of the railroads, according to the author, comes from where?

3. According to classical economics, what is the basis of competition?

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

5. What right does the author believe is basic to the concept of freedom?

(see the answer key)

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