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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. What chapter does Nathaniel Branden write?
(a) "Antitrust."
(b) "Common Fallacies About Capitalism."
(c) "Monopolies and Trade."
(d) "Common Truths About Capitalism."

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

3. How many keystones are there to capitalism?
(a) Four.
(b) Six .
(c) Seven.
(d) Five.

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

5. The government established by the Founding Fathers is based on theories that began with whom?
(a) Aristotle.
(b) Plato.
(c) Marx.
(d) Socrates.

6. Copyrights apply to what?
(a) Ideas.
(b) Actual locations.
(c) Medicines.
(d) Physical items.

7. Who does Algeria fight for independence?
(a) Germany.
(b) Britain.
(c) Spain.
(d) France.

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

9. What is the result of railroad subsidies by the government?
(a) Substandard construction.
(b) Well-done construction.
(c) Massive construction.
(d) Rapid construction.

10. According to the author, in statism, who owns the members of the tribe?
(a) The tribe.
(b) The masses.
(c) The elite.
(d) The elders.

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

12. Antitrust laws are written in the popular belief that if businesses were left free, what would result?
(a) Absolute power.
(b) Arbitrary power.
(c) Diminshed power.
(d) Excessive power.

13. Who brings the airwaves under U.S. government control?
(a) Eisenhower.
(b) FDR.
(c) Grossman.
(d) Herbert Hoover.

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

15. How is man viewed in tribal European culture?
(a) As independent of the whole.
(b) As free of the whole.
(c) As part of the whole.
(d) As subjected to the will of the whole.

Short Answer Questions

1. What are the two most common metals used as a medium of exchange?

2. How does the author think the U.S. government does with creating property rights in airwaves?

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

4. The bloodiest conflicts in history have been _______ _______.

5. In a gold-standard system, gold will flow from a low-interest-rate country to where?

(see the answer keys)

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