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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 right does the government have that a private organization does not?

2. What does the author believe is the basic tool of the bureaucrat?

3. The first labor laws aimed at children target those working as what?

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

5. Who does Algeria fight for independence?

Short Essay Questions

1. What is a coercive monopoly?

2. What are pre-capitalist societies based on?

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

4. What does Greenspan think of U.S. antitrust laws?

5. What is the study of political economy?

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

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

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

9. What does Branden believe causes depressions?

10. What should the governments of free countries protect?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

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

Essay Topic 2

Using examples from the book to support your answer; what does Rand mean when she says there is morality in rational self-interest?

Essay Topic 3

Why did the French businessmen tell Colbert to "Laissez-nous faire"? What does their response have to do with capitalism? Cite examples from the book to support your answer.

(see the answer keys)

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