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This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.

Short Answer Questions

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

2. What does the term "evils of monopoly" refer to?

3. According to classical economics, what is the basis of competition?

4. What does political economy study?

5. The author believes that, in statism, businessmen are what?

Short Essay Questions

1. How do most political economists approach their study of man?

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

3. What does Branden claim is a fallacy of Marxism?

4. What role do land grants play in railroad construction?

5. How does the existence of money help people?

6. How does a government protect its citizens?

7. What is the gold standard?

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

9. Why are people terrified of war, according to the author?

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

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Based on the information given in this book, do men work better in an atmosphere of freedom rather than one of coercion? Why or why not? Use examples from the book to support your answer.

Essay Topic 2

Using information provided in the text, answer the following question: What is the purpose of the individual in capitalism?

Essay Topic 3

What is statism and how does statism affect freedom? Cite examples from the text to support your answer.

(see the answer keys)

This section contains 508 words (approx. 2 pages at 300 words per page) View a FREE sample