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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. Money functions as a __________ in transactions.

2. During the Industrial Revolution, where do many children find jobs?

3. According to the author, in statism, who owns the members of the tribe?

4. What kind of rights, according to the author, is the American system of government based on?

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

Short Essay Questions

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

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

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

4. How are businessmen persecuted?

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

6. How does a government protect its citizens?

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

8. What is the study of political economy?

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

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

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Compare and contrast the way the author treats liberal and conservative ideas in her book. Support your answer with examples from the text.

Essay Topic 2

There are several mentions of why noncapitalist countries that do not like capitalism. What are the reasons the authors give for noncapitalist nations hating and condemning capitalism? Are these reasons logical and rational based on the theories of capitalism presented in the book? Support your answer with examples from the book.

Essay Topic 3

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.

(see the answer keys)

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