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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 is another word for statism?
(a) Concernism.
(b) Collectivism.
(c) Communism.
(d) Connectivism.

2. Branden says that, according to the statists, depressions are part of what?
(a) Government-controlled systems.
(b) Economic cycles.
(c) Laissez-faire capitalism.
(d) Free-market enterprises.

3. What is the first antitrust legislation?
(a) The Sherman Act.
(b) The Humphry Act.
(c) The Taft Act.
(d) The Trump Act.

4. The Aluminum Company of America holds a position as the only producer of what?
(a) Tin-aluminum.
(b) Aluminum alloy.
(c) Primary aluminum.
(d) Secondary aluminum.

5. Who is the author of the antitrust chapter?
(a) Alex Greenspan.
(b) Arnod Greenspan.
(c) Arnold Greenspan.
(d) Alan Greenspan.

Short Answer Questions

1. According to classical economics, what is the basis of competition?

2. The power of the railroads, according to the author, comes from where?

3. What do the courts protect?

4. How, according to the author, does the concept of private property come into existence?

5. The author believes that as long as capital can flow freely, it will flow where?

(see the answer key)

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