3. Are most positive laws intended to hinder competition or make it freer?
4. In what ways does competition reduce the total product?
5. Is custom a better regulator of economic action than competition?
6. Criticize the doctrine of economic harmony, giving examples.
Chapter 45. Use, Coinage, and Value of Money
1. If gold were to become as plentiful as iron, would it be worth more or less than iron?
2. Some say Providence has indicated gold and silver as the materials for money. How has this been done?
3. Why does nearly all the gold produced in California leave the state? What keeps any of it there?
4. Who makes coins? Would jewelers make better ones?
5. When gold comes out of the mine is the gain to the community greater or less than when the same value of grain is harvested?