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

Multiple Choice Questions

1. What are ALCOA, General Electric and other companies said to be engaged in that cause them to be sued under the antitrust laws?
(a) Labor abuse.
(b) Layoffs.
(c) Price fixing.
(d) Mergers and acquisitions.

2. The term "evils of monopoly" refers to a situation in which the monopolist is completely ______ of the market.
(a) Evasive.
(b) Demanding.
(c) In control.
(d) Independent.

3. What do political economists assume that man is working for?
(a) The betterment of his situation.
(b) The betterment of himelf.
(c) The good of his family.
(d) The good of society.

4. According to the author, what kind of governments use weapons against their own people?
(a) Democracies.
(b) Republics.
(c) Communists.
(d) Dictatorships.

5. What does "laissez-nous faire" mean in English?
(a) Don't meddle with us.
(b) Leave us alone.
(c) Help us succeed.
(d) Leave us with ourselves.

Short Answer Questions

1. When there are _____ ______, firms with good reputations are treated exactly like firms with bad reputations.

2. What is the name of the railroad company in California that holds a virtual monopoly?

3. According to the author, statism is often linked to what other "ism"?

4. What subject does Stewart Holbrook write about?

5. Money functions as a __________ in transactions.

(see the answer key)

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