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This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

1. What do the courts protect?
(a) Property.
(b) Criminals.
(c) Labor unions.
(d) Businesses.

2. What is the name of the theory that states that good is embodied in various actions regardless of benefits and consequences?
(a) The implication theory.
(b) The subjectivist theory.
(c) The intrinsic theory.
(d) The adherence theory.

3. The existence of money allows people to avoid the problems of ______.
(a) Savings.
(b) Barter.
(c) Credit.
(d) Interest.

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

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

Short Answer Questions

1. Instead of reading the antitrust laws to decide if something is legal, people must read what?

2. What is the position held by the man who brings the airwaves under U.S. government control?

3. According to the author, what is the cause of the Great Depression?

4. What does the author believe brought the world out of feudalism?

5. The author believes that unions serve a valuable service because they do what?

Short Essay Questions

1. According to the author, how is science collapsing?

2. How does government involvement help cause the Great Depression?

3. What are patents and copyrights?

4. What is the concept of man that underlies statism?

5. What are the first labor laws concerning children about?

6. How does government regulation purport to protect the consumer?

7. Why do capital markets affect prices?

8. What is the gold standard?

9. What does the author believe about the disintegration of philosophy?

10. How does Alan Greenspan describe a business world with antitrust laws?

(see the answer keys)

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