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

Multiple Choice Questions

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

2. According to classical economics, what is the basis of competition?
(a) Producing and selling for profit.
(b) Producing and selling as much as possible.
(c) Producing and selling in a regulated system.
(d) Producing and selling in a down market.

3. The author compares statism to what kind of rule?
(a) Mob rule.
(b) Gang rule.
(c) Dictator rule.
(d) Elitist rule.

4. Intellectual property may end up in the public _____ but it does not become public property.
(a) Knowledge.
(b) Area.
(c) Database.
(d) Domain.

5. What are ALCOA, General Electric and other companies said to be engaged in that cause them to be sued under the antitrust laws?
(a) Labor abuse.
(b) Mergers and acquisitions.
(c) Layoffs.
(d) Price fixing.

Short Answer Questions

1. What, according to the author, does the gold standard facilitate?

2. What thrives on free trade, according to the author?

3. How many keystones are there to capitalism?

4. The bloodiest conflicts in history have been _______ _______.

5. Who is the author of the antitrust chapter?

(see the answer key)

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