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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) Area wars.
(b) Local wars.
(c) World wars.
(d) Civil wars.

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

3. Who is the author of this book?
(a) Alena Rand.
(b) Anna Rand.
(c) Ayn Rand.
(d) Annabelle Rand.

4. The Federal Reserve System was created when the government thought that what was happening?
(a) A shortage of bank reserves.
(b) A recession.
(c) A shortage of interest reserves.
(d) A depression.

5. The author believes that unions serve a valuable service because they do what?
(a) Raise the cost of production.
(b) Prevent the employer from firing the worker.
(c) Raise the benefits to the worker.
(d) Represent the worker to the employer.

Short Answer Questions

1. What is the name of the theory that states that good is embodied in various actions regardless of benefits and consequences?

2. What does Greenspan claim is the best protection for the consumer?

3. The author feels that the only way to make the industry responsive to the market is to make the airwaves what?

4. What do patents and copyright protect?

5. What right does the author believe is basic to the concept of freedom?

(see the answer key)

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