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

Multiple Choice Questions

1. What do patents and copyright protect?
(a) Scientific knowledge.
(b) Musical creations.
(c) Intellectual property.
(d) Private property.

2. What is another word for statism?
(a) Communism.
(b) Connectivism.
(c) Collectivism.
(d) Concernism.

3. Which British civil servant says the U.S. antitrust laws cannot be understood?
(a) A.D. Brookings.
(b) A.D. Gershwin.
(c) A.D. Neale.
(d) A.D. Foster.

4. Who writes the chapter entitled "The Effects of the industrial Revolution on Women and Children"?
(a) Robert Hessen.
(b) Robert Lackser.
(c) Robert Gallegar.
(d) Robert Fulgrough.

5. The author states that most wars are started by countries with what?
(a) Fair trade.
(b) Restrained trade.
(c) Restricted economies.
(d) Controlled economies.

6. What kind of rights, according to the author, is the American system of government based on?
(a) Minority rights.
(b) Individual rights.
(c) Power rights.
(d) Majority rights.

7. The bloodiest conflicts in history have been _______ _______.
(a) Civil wars.
(b) Area wars.
(c) World wars.
(d) Local wars.

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

9. How long do copyrights last in the United Kingdom?
(a) The life of the originator plus 75 years.
(b) The life of the originator plus 25 years.
(c) The life of the originator plus 100 years.
(d) The life of the originator plus 50 years.

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

11. The author feels that the only way to make the industry responsive to the market is to make the airwaves what?
(a) Private property.
(b) Free.
(c) Bought and sold.
(d) Industry-controlled.

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

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

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

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

Short Answer Questions

1. Money functions as a __________ in transactions.

2. Who does Algeria fight for independence?

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

4. The results of intellectual property may be ______, but the intellectual property itself may not be.

5. What, according to the author, does the gold standard facilitate?

(see the answer keys)

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