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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. How many keystones are there to capitalism?
(a) Four.
(b) Six .
(c) Five.
(d) Seven.

2. What are ALCOA, General Electric and other companies said to be engaged in that cause them to be sued under the antitrust laws?
(a) Labor abuse.
(b) Price fixing.
(c) Layoffs.
(d) Mergers and acquisitions.

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

4. The author believes that, in statism, businessmen are what?
(a) The politicians.
(b) The taxpayers.
(c) The elite.
(d) The scapegoats.

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

Short Answer Questions

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

2. The author believes that antitrust laws are a _______ ________________ of history.

3. What does political economy study?

4. The existence of money allows people to avoid the problems of ______.

5. To function as a medium of exchange, an item must be durable and what?

(see the answer key)

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