View a FREE sample

This quiz consists of 5 multiple choice and 5 short answer questions through The Obliteration of Capitalism.

Multiple Choice Questions

1. According to Rand, capitalism is based on what?
(a) Altruistic principles.
(b) Self-motivation.
(c) Open borders.
(d) Government interference.

2. What, according to the author, does the gold standard facilitate?
(a) Production and sales.
(b) Growth and sales.
(c) Trade and production.
(d) Trade and growth.

3. Money functions as a __________ in transactions.
(a) National linkage.
(b) Easy standard.
(c) Similar currency.
(d) Common denominator.

4. What is the goal of the creation of the Federal Reserve System?
(a) To limit the amount of currency in circulation.
(b) To create a spending account for the military.
(c) To create a national savings account.
(d) To ease temporary reserve shortages.

5. The existence of money allows people to avoid the problems of ______.
(a) Credit.
(b) Savings.
(c) Barter.
(d) Interest.

Short Answer Questions

1. When does the gold standard cease to exist?

2. The author believes that many less-developed countries hate America for what?

3. One of the tactics of this group is to paint capitalism as evil.

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

5. Governor Romney says we do not have a system of capitalism but of what?

(see the answer key)

This section contains 210 words (approx. 1 page at 300 words per page) View a FREE sample