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

Multiple Choice Questions

1. During the Industrial Revolution, how do women earn income?
(a) In the brothels.
(b) By working from home.
(c) In the streets.
(d) In the factories.

2. What does the author believe brought the world out of feudalism?
(a) The Industrial Revolution.
(b) Limited trade.
(c) Free trade.
(d) Statism.

3. A fear of _______ leads to the passage of the first antitrust laws.
(a) Monopolies.
(b) Trusts.
(c) Oligarchies.
(d) Conglomerates.

4. In a free market, economic power is determined by what?
(a) Price and wages.
(b) Inflation.
(c) Surplus.
(d) Supply and demand.

5. How does the author think the U.S. government does with creating property rights in airwaves?
(a) The author feels the government fails.
(b) The author feels the government does a good job.
(c) The author feels the government needs to modify its approach.
(d) The author feels the government succeeds.

Short Answer Questions

1. The first labor laws aimed at children target those working as what?

2. The first labor laws aimed at children are enacted in what year?

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

4. Patents apply to what?

5. What is the abbreviation for the Aluminum Company of America?

(see the answer key)

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