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This quiz consists of 5 multiple choice and 5 short answer questions through Gold and Economic Freedom.

Multiple Choice Questions

1. What, according to the author, does the gold standard facilitate?
(a) Growth and sales.
(b) Trade and growth.
(c) Trade and production.
(d) Production and sales.

2. What do political economists assume that man is working for?
(a) The good of his family.
(b) The betterment of himelf.
(c) The betterment of his situation.
(d) The good of society.

3. What right does the author believe is basic to the concept of freedom?
(a) Human rights.
(b) Property rights.
(c) Familial rights.
(d) Self-governance rights.

4. The Federal Reserve System was created when the government thought that what was happening?
(a) A shortage of bank reserves.
(b) A shortage of interest reserves.
(c) A depression.
(d) A recession.

5. 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) Labor abuse.
(d) Price fixing.

Short Answer Questions

1. The Aluminum Company of America holds a position as the only producer of what?

2. The author believes that antitrust laws are a _______ ________________ of history.

3. What type of businessmen does the author feel are persecuted?

4. Who is the author of the antitrust chapter?

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

(see the answer key)

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