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This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.

Short Answer Questions

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

2. What does the author believe brought the world out of feudalism?

3. The results of intellectual property may be ______, but the intellectual property itself may not be.

4. What right does the author believe is basic to the concept of freedom?

5. What is one function of money?

Short Essay Questions

1. Why do capital markets affect prices?

2. What is the study of political economy?

3. What problems do the airwaves run into in the beginning of radio?

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

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

6. What are the first labor laws concerning children about?

7. What does Branden believe causes depressions?

8. What is the gold standard?

9. How is banking controlled when the system is based on gold?

10. What does Branden claim is a fallacy of Marxism?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

What are some common fallacies about capitalism, and how do the common fallacies affect capitalism? Use examples from the text to support your answer.

Essay Topic 2

The author believes that the fundamental question used to evaluate a social system is whether or not the system acknowledges individual rights and bars the use of physical force, and whether or not man is a free individual or the property of the tribe. Evaluate the social and economic systems presented in this book using this question. Use appropriate examples from the text to support your answer.

Essay Topic 3

What do the various authors believe about government spending? How do Greenspan, Rand, Hessen and Branden say government should spend its money and resources? Use examples from the book to compare and contrast the various authors and their beliefs.

(see the answer keys)

This section contains 541 words (approx. 2 pages at 300 words per page) View a FREE sample