11. Why are each of the following paid a high or a low rate of remuneration as the case may be: (a) a locomotive engineer; (b) a hod carrier; (c) a movie actor; (d) a member of the state legislature; (e) a steeple jack; (f) a corporation lawyer?
12. To what different things may a fall in wages be due? A fall in profits? If all large production could be eliminated, would we be worse or better off?
13. If all men were of equal business ability and had the same opportunities, would there be any business profits?
14. What are the advantages of a corporation as compared with a partnership?
15. In what ways is democracy likely to enhance production to a greater degree than despotism?
16. Can you think of something possessing value but not utility? Utility but not value? Both value and utility but having no price?
17. What is meant by the saying that “competition is the life of trade”?
18. Make a list of all the natural monopolies that you can remember. How may the evils of legal and artificial monopolies be lessened?
19. How is freedom of contract related to the institution of private property? Do you think you would look forward to greater or less happiness in life if all private property were now to be abolished?
20. Which of the following are proper limitations on the freedom of contract or the right of private property: (a) a rule that billboards must not be built of wood; (b) a provision that no one shall buy or sell explosives without a license; (c) a regulation that no owner of a city lot shall build on it any building costing less than ten thousand dollars; (d) a requirement that no one sell cigarettes to persons under sixteen years of age?