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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. Competition, according to the author, is regulated by what market?
(a) Securities market.
(b) Capital market.
(c) Stock market.
(d) Growth market.

2. To function as a medium of exchange, an item must be durable and what?
(a) Common.
(b) Plentiful.
(c) Sturdy.
(d) Scarce.

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

4. Who are against war and the threat of nuclear weapons, according to the author?
(a) Activists.
(b) Governments.
(c) Entire populations.
(d) Peace proponents.

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 implication theory.
(d) The intrinsic theory.

Short Answer Questions

1. Money functions as a __________ in transactions.

2. What type of businessmen does the author feel are persecuted?

3. When does the gold standard cease to exist?

4. What does the author believe brought the world out of feudalism?

5. What is the first antitrust legislation?

(see the answer key)

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