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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. According to the author, what is the cause of the Great Depression?
(a) Government intervention.
(b) Isolationist policies.
(c) Capitalism.
(d) Communism.

2. The bloodiest conflicts in history have been _______ _______.
(a) Civil wars.
(b) World wars.
(c) Area wars.
(d) Local wars.

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

4. The author believes that unions serve a valuable service because they do what?
(a) Represent the worker to the employer.
(b) Raise the benefits to the worker.
(c) Raise the cost of production.
(d) Prevent the employer from firing the worker.

5. 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 intrinsic theory.
(d) The implication theory.

Short Answer Questions

1. The term "evils of monopoly" refers to a situation in which the monopolist is completely ______ of the market.

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

3. What is another word for statism?

4. The Aluminum Company of America is a monopoly in the sense that it has control over what?

5. When does the gold standard cease to exist?

(see the answer key)

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