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

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

3. The existence of money promotes the division of what?
(a) Social classes.
(b) Specialties.
(c) Economic classes.
(d) Labor.

4. What does the author believe is the basic tool of the bureaucrat?
(a) Immorality.
(b) Fear.
(c) Loathing.
(d) Disrespect.

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

Short Answer Questions

1. What is the name that the nobility, and the king, use to describe people who are considered property?

2. The Federal Reserve System was created when the government thought that what was happening?

3. How many keystones are there to capitalism?

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

5. What does statism survive on, according to the author?

(see the answer key)

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