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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. How, according to the author, does the concept of private property come into existence?
(a) From Karl Marx.
(b) Through the Cultural Revolution.
(c) During feudalism.
(d) With capitalism.

2. The author believes that as long as capital can flow freely, it will flow where?
(a) To where it earns the highest rate of return.
(b) To where it is needed the most.
(c) To the situation that is best for society.
(d) To the situation that is best for mankind.

3. What do the courts protect?
(a) Businesses.
(b) Labor unions.
(c) Property.
(d) Criminals.

4. According to the author, in statism, who owns the members of the tribe?
(a) The masses.
(b) The tribe.
(c) The elders.
(d) The elite.

5. What are the two most common metals used as a medium of exchange?
(a) Gold and silver.
(b) Gold and bronze.
(c) Gold and tin.
(d) Gold and iron.

Short Answer Questions

1. The author believes that, in statism, businessmen are what?

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

3. When the investors realize they have a problem and they all try to get out of the market, what results?

4. According to the author, statism is often linked to what other "ism"?

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

(see the answer key)

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