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This quiz consists of 5 multiple choice and 5 short answer questions through Patents and Copyrights.

Multiple Choice Questions

1. When there is protection of the consumer by the government, it lessens the efforts of the firm to provide protection through ________.
(a) Reputation.
(b) Demand.
(c) Incentive.
(d) Sales.

2. 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.

3. The author believes that licensing the airwaves leads to what?
(a) Free speech.
(b) Protection of the consumer.
(c) Censorship.
(d) Protection of the airwaves.

4. Instead of reading the antitrust laws to decide if something is legal, people must read what?
(a) History.
(b) Delaware corporations code.
(c) Case law.
(d) Supreme Court decisions.

5. Who brings the airwaves under U.S. government control?
(a) Herbert Hoover.
(b) FDR.
(c) Eisenhower.
(d) Grossman.

Short Answer Questions

1. What is one function of money?

2. What is trade without any barriers known as?

3. According to the author, what will cure economic problems quickest and best?

4. What is the result of railroad subsidies by the government?

5. What, according to the author, does the gold standard facilitate?

(see the answer key)

This section contains 207 words (approx. 1 page at 300 words per page) View a FREE sample