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

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

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

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

5. What, according to the author, does the gold standard facilitate?
(a) Production and sales.
(b) Trade and production.
(c) Trade and growth.
(d) Growth and sales.

Short Answer Questions

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

2. What are ALCOA, General Electric and other companies said to be engaged in that cause them to be sued under the antitrust laws?

3. The most successful railroads, according to the author, do what?

4. The author states that most wars are started by countries with what?

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

Short Essay Questions

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

2. Why do capital markets affect prices?

3. What do the peace proponents believe about force?

4. What is a coercive monopoly?

5. How would the consumer be protected in a true capitalist market?

6. What does Branden believe causes depressions?

7. How is intellectual property different than physical property?

8. What are the first labor laws concerning factories about?

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

10. What does capitalism do to the standard of living?

(see the answer keys)

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