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

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

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

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

5. According to the author, statism is often linked to what other "ism"?
(a) Conservatism.
(b) Militarism.
(c) Republicanism.
(d) Liberalism.

Short Answer Questions

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

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

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

4. What is the name of the theory that states that good is embodied in various actions regardless of benefits and consequences?

5. In a free market, economic power is determined by what?

(see the answer key)

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