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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. One cost of union negotiated wages, according to the author, is what?

2. What is the result of railroad subsidies by the government?

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

4. What are ALCOA, General Electric and other companies said to be engaged in that cause them to be sued under the antitrust laws?

5. The Aluminum Company of America is a monopoly in the sense that it has control over what?

Short Essay Questions

1. How does the existence of money help people?

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

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

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

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

6. What does the author believe about the disintegration of philosophy?

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

8. What is the Homestead Act?

9. What is the study of political economy?

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

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

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.

Essay Topic 2

What is statism and how does statism affect freedom? Cite examples from the text to support your answer.

Essay Topic 3

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

(see the answer keys)

This section contains 495 words (approx. 2 pages at 300 words per page) View a FREE sample