View a FREE sample

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

Short Answer Questions

1. What helps pull the U.S. out of the Great Depression?

2. How, according to the author, does the concept of private property come into existence?

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

4. What is one example, according to the author, of how property rights can be established?

5. Antitrust laws are written in the popular belief that if businesses were left free, what would result?

Short Essay Questions

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

2. How does gold flow through the international system?

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

4. What problems do the airwaves run into in the beginning of radio?

5. What is a coercive monopoly?

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

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

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

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

10. How is intellectual property different than physical property?

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

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

Essay Topic 3

According to the information presented in the book, what are the political, economic, social, moral and philosophic differences between the reason-individualism-capitalism position and the mysticism-altruism-collectivism positions?

(see the answer keys)

This section contains 599 words (approx. 2 pages at 300 words per page) View a FREE sample