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

Multiple Choice Questions

1. What right does the author believe is basic to the concept of freedom?
(a) Human rights.
(b) Self-governance rights.
(c) Property rights.
(d) Familial rights.

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

3. Copyrights apply to what?
(a) Ideas.
(b) Actual locations.
(c) Medicines.
(d) Physical items.

4. According to the author, what will cure economic problems quickest and best?
(a) Government.
(b) Restrictions of trade.
(c) The economy.
(d) Protectionism.

5. When there are _____ ______, firms with good reputations are treated exactly like firms with bad reputations.
(a) Government regulations.
(b) Market incentives.
(c) Customer services.
(d) Quality control.

Short Answer Questions

1. What does the author blame for crises and depressions in capitalism?

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

3. What is another word for statism?

4. What do the courts protect?

5. How does the author think the U.S. government does with creating property rights in airwaves?

(see the answer key)

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