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

Multiple Choice Questions

1. The most successful railroads, according to the author, do what?
(a) Take a lot of financial aid from the government.
(b) Never receive financial aid from the government.
(c) Repay their financial aid from the government.
(d) Allow the government to completely fund the projects.

2. Who writes the chapter entitled "The Effects of the industrial Revolution on Women and Children"?
(a) Robert Lackser.
(b) Robert Fulgrough.
(c) Robert Hessen.
(d) Robert Gallegar.

3. When the investors realize they have a problem and they all try to get out of the market, what results?
(a) Panic selling.
(b) Panic buying.
(c) Pulling capital.
(d) Staying put.

4. What does Greenspan claim is the best protection for the consumer?
(a) Independent agencies.
(b) The profits of businessmen.
(c) A controlled economy.
(d) Government regulation.

5. Who does the author say would earn more money than Einstein?
(a) Elvis Presley.
(b) Doris Day.
(c) Donna Mae.
(d) Karl Marx.

Short Answer Questions

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

2. One cost of union negotiated wages, according to the author, is what?

3. What does political economy study?

4. The author believes that licensing the airwaves leads to what?

5. The author believes that businessmen take the blame for what?

(see the answer key)

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