View a FREE sample

This quiz consists of 5 multiple choice and 5 short answer questions through The Pull Peddlers.

Multiple Choice Questions

1. What is trade without any barriers known as?
(a) Limited trade.
(b) Capitalist trade.
(c) Free trade.
(d) Expansionist trade.

2. What is the goal of the creation of the Federal Reserve System?
(a) To limit the amount of currency in circulation.
(b) To create a national savings account.
(c) To ease temporary reserve shortages.
(d) To create a spending account for the military.

3. In a gold-standard system, gold will flow from a low-interest-rate country to where?
(a) A stable economic country.
(b) A high-interest-rate country.
(c) An expansionist economic country.
(d) The capital market.

4. The author compares statism to what kind of rule?
(a) Gang rule.
(b) Mob rule.
(c) Elitist rule.
(d) Dictator rule.

5. What does statism survive on, according to the author?
(a) War.
(b) Peace.
(c) Expansion.
(d) Trade.

Short Answer Questions

1. The Aluminum Company of America holds a position as the only producer of what?

2. When the investors realize they have a problem and they all try to get out of the market, what results?

3. What does the term "evils of monopoly" refer to?

4. The author believes that capitalism cannot function with what?

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

(see the answer key)

This section contains 207 words (approx. 1 page at 300 words per page) View a FREE sample