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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. Past and current definitions of liberalism are the same with respect to ______.
(a) Free markets and the rule of law.
(b) Civil freedoms and democracy.
(c) Distribution of wealth and the welfare state.
(d) Paternalism and individualism.

2. Friedman states that government should be ______.
(a) Incorporated.
(b) Decentralized.
(c) Streamlined.
(d) Consolidated.

3. According to Friedman, what is liberty's greatest enemy?
(a) The educational system.
(b) Concentration of power.
(c) Elected leaders.
(d) The Federal government.

4. Friedman believes that economic control can lead to infringements on ______.
(a) Licensing requirements.
(b) Liberties.
(c) Social welfare.
(d) International trade.

5. Friedman asserts that government is needed for the ______.
(a) "Rules of the citizens."
(b) "Rules of the system."
(c) "Rules of the game."
(d) "Rules of the road."

Short Answer Questions

1. In Friedman's opinion, what should individuals be allowed to do?

2. In Friedman's opinion, what will check government power?

3. Besides enforcing contracts, what one other thing does Friedman say government should do?

4. Friedman hypothesizes that the change from free market societies to economic controlled ones led classical liberals to worry that it would ______ political freedom.

5. For Friedman, what is an all-embracing ethic?

(see the answer key)

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