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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

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

2. According to the author, statism is often linked to what other "ism"?
(a) Militarism.
(b) Conservatism.
(c) Republicanism.
(d) Liberalism.

3. The author believes that, in statism, businessmen are what?
(a) The scapegoats.
(b) The elite.
(c) The taxpayers.
(d) The politicians.

4. What does statism survive on, according to the author?
(a) Peace.
(b) Trade.
(c) Expansion.
(d) War.

5. According to Rand, what must the individual be willing to do in a capitalist society?
(a) Sacrifice for money.
(b) Sacrifice for monopolies.
(c) Sacrifice for the government.
(d) Sacrifice for the common good.

6. The existence of money promotes the division of what?
(a) Economic classes.
(b) Labor.
(c) Specialties.
(d) Social classes.

7. During the Industrial Revolution, how do women earn income?
(a) In the streets.
(b) By working from home.
(c) In the brothels.
(d) In the factories.

8. The author states that most wars are started by countries with what?
(a) Restricted economies.
(b) Controlled economies.
(c) Fair trade.
(d) Restrained trade.

9. What do the courts protect?
(a) Labor unions.
(b) Businesses.
(c) Criminals.
(d) Property.

10. What does the author blame for crises and depressions in capitalism?
(a) Bad choices.
(b) Cyclical economies.
(c) Government interference.
(d) Allocation of resources.

11. Who writes the chapter entitled "The Effects of the industrial Revolution on Women and Children"?
(a) Robert Fulgrough.
(b) Robert Lackser.
(c) Robert Hessen.
(d) Robert Gallegar.

12. What right does the government have that a private organization does not?
(a) The right to sue.
(b) The right to use force.
(c) The right to negotiate.
(d) The right to own property.

13. The author believes that businessmen take the blame for what?
(a) Government actions.
(b) Capitalism.
(c) Recessions.
(d) Depressions.

14. In a free market, economic power is determined by what?
(a) Supply and demand.
(b) Surplus.
(c) Price and wages.
(d) Inflation.

15. The power of the railroads, according to the author, comes from where?
(a) The government.
(b) The market.
(c) The economy.
(d) The subsidies.

Short Answer Questions

1. The first labor laws aimed at children are enacted in what year?

2. Who are against war and the threat of nuclear weapons, according to the author?

3. Who is J.J. Hill?

4. The author compares statism to what kind of rule?

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

(see the answer keys)

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