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This quiz consists of 5 multiple choice and 5 short answer questions through Patents and Copyrights.

Multiple Choice Questions

1. When there are _____ ______, firms with good reputations are treated exactly like firms with bad reputations.
(a) Government regulations.
(b) Customer services.
(c) Quality control.
(d) Market incentives.

2. What do political economists assume that man is working for?
(a) The betterment of himelf.
(b) The betterment of his situation.
(c) The good of society.
(d) The good of his family.

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

4. What does the author believe is the basic tool of business?
(a) Labor.
(b) Wages.
(c) Land.
(d) Values.

5. During the Industrial Revolution, where do many children find jobs?
(a) In homes.
(b) In restaurants.
(c) In factories.
(d) In stores.

Short Answer Questions

1. Branden says that, according to the statists, depressions are part of what?

2. What right does the government have that a private organization does not?

3. The existence of money allows people to avoid the problems of ______.

4. The most successful railroads, according to the author, do what?

5. Antitrust laws are written in the popular belief that if businesses were left free, what would result?

(see the answer key)

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