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This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

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

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

3. The first labor laws aimed at children target those working as what?
(a) Factory help.
(b) Chimney sweeps.
(c) Cooks and servers.
(d) Cleaners.

4. One cost of union negotiated wages, according to the author, is what?
(a) Mobility of employment.
(b) Full employment.
(c) Investment in employment.
(d) Unemployment.

5. The author believes that capitalism cannot function with what?
(a) Individual rights.
(b) Subservience.
(c) Uneducated workers.
(d) Slaves.

Short Answer Questions

1. What is one example, according to the author, of how property rights can be established?

2. What is one of the negatives that political power uses?

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

4. What are ALCOA, General Electric and other companies said to be engaged in that cause them to be sued under the antitrust laws?

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

Short Essay Questions

1. What are the first labor laws concerning factories about?

2. What does A.D. Neale think about U.S. antitrust laws?

3. Why do capital markets affect prices?

4. What is a coercive monopoly?

5. What does capitalism do to the standard of living?

6. What are patents and copyrights?

7. How does gold flow through the international system?

8. How does the existence of money help people?

9. How are some of the railroads not responsive to the market?

10. According to the author, how is science collapsing?

(see the answer keys)

This section contains 517 words (approx. 2 pages at 300 words per page) View a FREE sample