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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. The author believes that, in statism, businessmen are what?

2. The author believes that antitrust laws are a _______ ________________ of history.

3. What is another word for statism?

4. Branden says that public education is not a ______ _______ because it must be paid for.

5. The author believes that capitalism cannot function with what?

Short Essay Questions

1. What does Branden claim is a fallacy of Marxism?

2. How are businessmen persecuted?

3. What is the concept of man that underlies statism?

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

5. What is the gold standard?

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

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

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

9. How does gold flow through the international system?

10. What is a coercive monopoly?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

What is taxation, and what is its effect on the economy? Cite specific examples from the book to support your answer.

Essay Topic 2

What do the various authors believe about government spending? How do Greenspan, Rand, Hessen and Branden say government should spend its money and resources? Use examples from the book to compare and contrast the various authors and their beliefs.

Essay Topic 3

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.

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