15 Questions
What did the author discover about capitalism?
Capitalism is a behavioral term and lacks a logic or theory.
What did the author write a manuscript about?
The fallacy of full employment.
What did Copernicus and Galileo discover?
A missing fact about the movement of heavenly bodies.
What is the missing fact that the author wants to talk about?
The production of goods and services by two things.
What bothered the author during the Great Depression?
The empty passenger trains
What did the author's mother do to support the family during the Great Depression?
She managed a little grocery store
What did the author believe the economy had during the Great Depression?
The means to make the economy go
Why did Louis put his manuscript in the closet?
He wanted to focus on practicing law
Who introduced Louis to Mortimer Adler?
Clients of Mortimer Adler
What did Mortimer Adler say about the theory of capitalism?
There is no theory of capitalism
Why did Mortimer Adler jump off the ground when Louis mentioned privately owned capital?
He was surprised by the discovery
What is the national economic policy of just about every nation on Earth?
Full employment
What does the author mean by the 'right to life' in economics?
The right to earn income to support life
What does the author suggest needs to happen as the production of goods and services changes?
Broaden the ownership of capital and tighten up the laws of property
What percentage of corporate net income goes to taxes and boards of directors, according to the text?
Over 50 percent
Quiz: Understanding the Role of Full Employment in Economic Policies Explore the concept of full employment and its significance in economic policies around the world. Test your knowledge on how major political figures view full employment as a solution to income distribution problems. Discover the national economic policies of countries like Russia and the United States in this informative quiz.
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