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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. What is one of the keystones of capitalism?

2. Who is the author of the "Gold and Economic Freedom" chapter?

3. How does the author think the U.S. government does with creating property rights in airwaves?

4. What are the two most common metals used as a medium of exchange?

5. The author believes that licensing the airwaves leads to what?

Short Essay Questions

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

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

3. How is intellectual property different than physical property?

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

5. What are patents and copyrights?

6. What is a coercive monopoly?

7. What are pre-capitalist societies based on?

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

9. How does a government protect its citizens?

10. What is the Homestead Act?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Why does Rand feel the U.S. system is headed for fascism? What arguments and evidence does she present to support her view? Cite 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

Based on the various authors in the book, what role does economics have on politics? Discuss the differences and similarities in the views held by Rand, Branden and Greenspan. Cite examples from the book to support your answer.

(see the answer keys)

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