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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. The Aluminum Company of America is a monopoly in the sense that it has control over what?

2. What do the courts protect?

3. Who is the author of the antitrust chapter?

4. How is man viewed in tribal European culture?

5. What do patents and copyright protect?

Short Essay Questions

1. What is a coercive monopoly?

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

3. What does Branden believe causes depressions?

4. What are pre-capitalist societies based on?

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

6. What is the Homestead Act?

7. How does a government protect its citizens?

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

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

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

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Using examples from the book to support your answer; why does Alan Greenspan believe that the U.S. antitrust laws are flawed, and what does he think should be done about the problem?

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

Why did the French businessmen tell Colbert to "Laissez-nous faire"? What does their response have to do with capitalism? Cite examples from the book to support your answer.

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