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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 bloodiest conflicts in history have been _______ _______.
(a) Civil wars.
(b) World wars.
(c) Area wars.
(d) Local wars.

2. What does political economy study?
(a) How scarce resources are used.
(b) How capital resources are used.
(c) How economic resources are used.
(d) How all resources are used.

3. What is the position held by the man who brings the airwaves under U.S. government control?
(a) Secretary of the Interior.
(b) Secretary of Industry.
(c) Secretary of Commerce.
(d) Secretary of State.

4. What is the name of the railroad company in California that holds a virtual monopoly?
(a) Coastal Pacific.
(b) Central Pacific.
(c) Main Pacific.
(d) Western Pacific.

5. What is one of the keystones of capitalism?
(a) Philosophy.
(b) Logic.
(c) Reason.
(d) Thinking.

Short Answer Questions

1. What does the author believe is the basic tool of business?

2. To function as a medium of exchange, an item must be durable and what?

3. Who are against war and the threat of nuclear weapons, according to the author?

4. How is man viewed in tribal European culture?

5. Who is the author of the "Gold and Economic Freedom" chapter?

(see the answer key)

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