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

2. In a gold-standard system, gold will flow from a low-interest-rate country to where?
(a) A high-interest-rate country.
(b) The capital market.
(c) A stable economic country.
(d) An expansionist economic country.

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

4. A fear of _______ leads to the passage of the first antitrust laws.
(a) Conglomerates.
(b) Oligarchies.
(c) Trusts.
(d) Monopolies.

5. According to the author, what kind of governments use weapons against their own people?
(a) Communists.
(b) Democracies.
(c) Dictatorships.
(d) Republics.

Short Answer Questions

1. What does the author blame for crises and depressions in capitalism?

2. To function as a medium of exchange, an item must be durable and what?

3. Who is the author of the "Gold and Economic Freedom" chapter?

4. What subject does Stewart Holbrook write about?

5. During the Industrial Revolution, how do women earn income?

Short Essay Questions

1. What does the author believe happens if a nation doesn't respect the rights of its citizens?

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

3. What does Branden believe causes depressions?

4. What is the study of political economy?

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

6. What do the businessmen take the blame for in the case of the Central Pacific Railroad?

7. How are some of the railroads not responsive to the market?

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

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

10. What problems do the airwaves run into in the beginning of radio?

(see the answer keys)

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