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

Multiple Choice Questions

1. How are the railroads subsidized?
(a) Land grants.
(b) Research-and-development deductions.
(c) Tax deductions.
(d) Payments.

2. What is the first antitrust legislation?
(a) The Humphry Act.
(b) The Trump Act.
(c) The Sherman Act.
(d) The Taft Act.

3. According to classical economics, what is the basis of competition?
(a) Producing and selling in a regulated system.
(b) Producing and selling for profit.
(c) Producing and selling as much as possible.
(d) Producing and selling in a down market.

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

5. What, according to the author, does the gold standard facilitate?
(a) Trade and growth.
(b) Growth and sales.
(c) Production and sales.
(d) Trade and production.

Short Answer Questions

1. When there is protection of the consumer by the government, it lessens the efforts of the firm to provide protection through ________.

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

3. The power of the railroads, according to the author, comes from where?

4. What type of businessmen does the author feel are persecuted?

5. The first labor laws aimed at children target those working as what?

(see the answer key)

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