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

2. The power of the railroads, according to the author, comes from where?

3. According to Rand, what must the individual be willing to do in a capitalist society?

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

5. What does political economy study?

Short Essay Questions

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

2. What is the study of political economy?

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

4. Why do capital markets affect prices?

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

6. How does a government protect its citizens?

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

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

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

10. What does the author believe about the disintegration of philosophy?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

What does the author believe about businessmen and capitalism? How are businessmen central to the author's arguments about capitalism?

Essay Topic 2

What is taxation, and what is its effect on the economy? Cite specific examples from the book to support your answer.

Essay Topic 3

Based on the various authors in the book, what role does economics have on politics? Discuss the differences and similarities in the views held by Rand, Branden and Greenspan. Cite examples from the book to support your answer.

(see the answer keys)

This section contains 551 words (approx. 2 pages at 300 words per page) View a FREE sample