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This quiz consists of 5 multiple choice and 5 short answer questions through Gold and Economic Freedom.

Multiple Choice Questions

1. Who are against war and the threat of nuclear weapons, according to the author?
(a) Governments.
(b) Entire populations.
(c) Activists.
(d) Peace proponents.

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

3. What is one of the negatives that political power uses?
(a) Restrictions.
(b) Taxes.
(c) Threat of imprisonment.
(d) Regulation.

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

5. According to the author, what will cure economic problems quickest and best?
(a) Restrictions of trade.
(b) Protectionism.
(c) Government.
(d) The economy.

Short Answer Questions

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

2. In a gold-standard system, gold will flow from a low-interest-rate country to where?

3. What helps pull the U.S. out of the Great Depression?

4. How are the railroads subsidized?

5. What does the author blame for crises and depressions in capitalism?

(see the answer key)

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