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

2. When does the gold standard cease to exist?

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

4. How many keystones are there to capitalism?

5. The author states that most wars are started by countries with what?

Short Essay Questions

1. What are pre-capitalist societies based on?

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

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

4. What are the first labor laws concerning factories about?

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

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

7. What is the Homestead Act?

8. How does government involvement help cause the Great Depression?

9. What role do land grants play in railroad construction?

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

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

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

Essay Topic 3

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

(see the answer keys)

This section contains 546 words (approx. 2 pages at 300 words per page) View a FREE sample