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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 type of businessmen does the author feel are persecuted?
(a) Local businessmen.
(b) American businessmen.
(c) Small businessmen.
(d) Foreign businessmen.

2. What is the goal of the creation of the Federal Reserve System?
(a) To create a spending account for the military.
(b) To limit the amount of currency in circulation.
(c) To create a national savings account.
(d) To ease temporary reserve shortages.

3. What right does the government have that a private organization does not?
(a) The right to use force.
(b) The right to negotiate.
(c) The right to sue.
(d) The right to own property.

4. What is the abbreviation for the Aluminum Company of America?
(a) ALCA.
(b) ALCOA.
(c) ACOA.
(d) ALCOOA.

5. Who is the author of the "Gold and Economic Freedom" chapter?
(a) Theodore Huffington.
(b) Marcus Bludger.
(c) Alan Greenspan.
(d) Richard Fullerton.

Short Answer Questions

1. What is trade without any barriers known as?

2. The Aluminum Company of America is a monopoly in the sense that it has control over what?

3. The term "evils of monopoly" refers to a situation in which the monopolist is completely ______ of the market.

4. What do political economists assume that man is working for?

5. Instead of reading the antitrust laws to decide if something is legal, people must read what?

(see the answer key)

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