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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. Who brings the airwaves under U.S. government control?
(a) Eisenhower.
(b) Grossman.
(c) FDR.
(d) Herbert Hoover.

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

3. How, according to the author, does the concept of private property come into existence?
(a) Through the Cultural Revolution.
(b) From Karl Marx.
(c) With capitalism.
(d) During feudalism.

4. Who does Algeria fight for independence?
(a) Britain.
(b) France.
(c) Spain.
(d) Germany.

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

Short Answer Questions

1. What do political economists assume that man is working for?

2. What is the abbreviation for the Aluminum Company of America?

3. The author believes that capitalism cannot function with what?

4. The author believes that unions serve a valuable service because they do what?

5. What is trade without any barriers known as?

Short Essay Questions

1. How does government involvement help cause the Great Depression?

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

3. What is a coercive monopoly?

4. How does Alan Greenspan describe a business world with antitrust laws?

5. What role do land grants play in railroad construction?

6. What does Branden believe causes depressions?

7. How does a government protect its citizens?

8. How do most political economists approach their study of man?

9. How does government regulation purport to protect the consumer?

10. What do the peace proponents believe about force?

(see the answer keys)

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