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

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

3. What do the courts protect?

4. Who is the author of this book?

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

Short Essay Questions

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

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

3. How is banking controlled when the system is based on gold?

4. How does a government protect its citizens?

5. Why do capital markets affect prices?

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

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

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

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

10. What does A.D. Neale think about U.S. antitrust laws?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Based on the information presented in the book, do you think that Rand is a conservative or a liberal? Why? Use examples from the book to support your answer.

Essay Topic 2

According to the theories the authors present, why can freedom only exist under capitalism? Support your answer with examples from the text.

Essay Topic 3

What are some common fallacies about capitalism, and how do the common fallacies affect capitalism? Use examples from the text to support your answer.

(see the answer keys)

This section contains 541 words (approx. 2 pages at 300 words per page) View a FREE sample