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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 chapter does Nathaniel Branden write?
(a) "Antitrust."
(b) "Monopolies and Trade."
(c) "Common Truths About Capitalism."
(d) "Common Fallacies About Capitalism."

2. The Aluminum Company of America is a monopoly in the sense that it has control over what?
(a) Its sellers.
(b) Its price.
(c) Its independence.
(d) Its suppliers.

3. According to classical economics, what is the basis of competition?
(a) Producing and selling as much as possible.
(b) Producing and selling in a regulated system.
(c) Producing and selling in a down market.
(d) Producing and selling for profit.

4. What is the goal of the creation of the Federal Reserve System?
(a) To create a spending account for the military.
(b) To ease temporary reserve shortages.
(c) To create a national savings account.
(d) To limit the amount of currency in circulation.

5. What helps pull the U.S. out of the Great Depression?
(a) The New Deal.
(b) Free trade.
(c) An economic expansion.
(d) World War II.

Short Answer Questions

1. What is the first antitrust legislation?

2. What are the two most common metals used as a medium of exchange?

3. Who are against war and the threat of nuclear weapons, according to the author?

4. What is the result of railroad subsidies by the government?

5. What does the term "evils of monopoly" refer to?

(see the answer key)

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