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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 1, The Relation between Economic Freedom and Political Freedom.

Multiple Choice Questions

1. What does Friedman say can government not duplicate?
(a) An international monitoring system.
(b) The creativity of the individual.
(c) The free market economic system.
(d) The power of local control.

2. According to Friedman, the market enables wide diversity, meaning power can be located in ______.
(a) The hands of many.
(b) The hands of a few.
(c) Small pockets of individual actors.
(d) Large pockets with limited interests.

3. One question Friedman asks is how we can stop government from destroying ______.
(a) Entertainment.
(b) Freedom.
(c) Citizens.
(d) Taxes.

4. What is the basic problem of social life for Friedman?
(a) How to coordinate the economic activities of large numbers of individuals.
(b) How to tax and provide responsively for the people.
(c) How to distribute wealth equitably.
(d) How to provide for entertainment opportunities.

5. Friedman uses the example of selling ______ to demonstrate a true global economy.
(a) Corn.
(b) Rice.
(c) Wheat.
(d) Oil.

Short Answer Questions

1. According to Friedman, what is liberty's greatest enemy?

2. For Friedman, where is the best place for power to be held?

3. What does Friedman believe coordinates individuals over vast distances and across all belief systems?

4. Friedman states that government should be ______.

5. A common misunderstanding of economic freedom, according to Friedman, is that it emphasizes ______.

(see the answer key)

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