Capitalism and Freedom Quiz Questions | Quiz: Chapter 9, Occupational Licensure to Chapter 10, The Distribution of Income

Quiz: Chapter 9, Occupational Licensure to Chapter 10, The Distribution of Income

This quiz consists of 5 multiple choice and 5 short answer questions.

Multiple Choice Questions

Directions: Circle the correct answer.

1. What is one factor that Friedman believes has reduced inequality?
a) Government intervention.
b) Educational opportunities.
c) Advances in technology.
d) Civil Rights laws.

2. What is one method that governments have used to alter the distribution of income?
a) Real estate law.
b) Social welfare.
c) Income taxation.
d) Selling bonds.

3. For Friedman, what is one major problem in interpreting the evidence on the distribution of income?
a) Lack of data.
b) Defining poverty levels.
c) Temporary vs. long run income status.
d) Reliable empirical evidence.

4. Who does Friedman believe maintains the system of licensure?
a) Licensed members of each field.
b) Local unions.
c)...
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