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

4. Railroads are built using government money, and what happens to many of them?
(a) They repay the investors.
(b) They abuse their workers.
(c) They go bankrupt.
(d) They prosper.

5. What helps pull the U.S. out of the Great Depression?
(a) An economic expansion.
(b) Free trade.
(c) World War II.
(d) The New Deal.

6. When there are _____ ______, firms with good reputations are treated exactly like firms with bad reputations.
(a) Government regulations.
(b) Customer services.
(c) Quality control.
(d) Market incentives.

7. To function as a medium of exchange, an item must be durable and what?
(a) Common.
(b) Sturdy.
(c) Plentiful.
(d) Scarce.

8. What is one of the negatives that political power uses?
(a) Restrictions.
(b) Threat of imprisonment.
(c) Taxes.
(d) Regulation.

9. The results of intellectual property may be ______, but the intellectual property itself may not be.
(a) Reclaimed.
(b) Transferred.
(c) Discovered.
(d) Retained.

10. According to Rand, capitalism is based on what?
(a) Altruistic principles.
(b) Open borders.
(c) Self-motivation.
(d) Government interference.

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

12. The presence of regulation may make it harder to do what?
(a) Announce ethical behavior.
(b) Hide unethical behavior.
(c) Reward ethical behavior.
(d) Uncover unethical behavior.

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

14. What does the author believe is the basic tool of business?
(a) Labor.
(b) Wages.
(c) Values.
(d) Land.

15. Who are against war and the threat of nuclear weapons, according to the author?
(a) Governments.
(b) Peace proponents.
(c) Entire populations.
(d) Activists.