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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. When there are _____ ______, firms with good reputations are treated exactly like firms with bad reputations.

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

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

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

5. What is the name that the nobility, and the king, use to describe people who are considered property?

Short Essay Questions

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

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

3. What should the governments of free countries protect?

4. What does Branden believe causes depressions?

5. What is the study of political economy?

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

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

8. How does government regulation purport to protect the consumer?

9. What is the Homestead Act?

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

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

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 2

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 3

Using examples from the book to support your answer; why does Alan Greenspan believe that the U.S. antitrust laws are flawed, and what does he think should be done about the problem?

(see the answer keys)

This section contains 528 words (approx. 2 pages at 300 words per page) View a FREE sample