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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 that the nobility, and the king, use to describe people who are considered property?
(a) Chattel.
(b) Cattle.
(c) Chartered.
(d) Chargrin.

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

3. What right does the government have that a private organization does not?
(a) The right to sue.
(b) The right to use force.
(c) The right to negotiate.
(d) The right to own property.

4. The Aluminum Company of America holds a position as the only producer of what?
(a) Aluminum alloy.
(b) Primary aluminum.
(c) Secondary aluminum.
(d) Tin-aluminum.

5. What is the first antitrust legislation?
(a) The Taft Act.
(b) The Sherman Act.
(c) The Humphry Act.
(d) The Trump Act.

Short Answer Questions

1. What does political economy study?

2. How, according to the author, does the concept of private property come into existence?

3. What does the author believe is the basic tool of business?

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

5. Who is the author of this book?

(see the answer key)

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