Capitalism and Freedom Quiz | Eight Week Quiz A

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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. Friedman hypothesizes that the change from free market societies to economic controlled ones led classical liberals to worry that it would ______ political freedom.
(a) Strengthen.
(b) Bolster.
(c) Weaken.
(d) Undermine.

2. In Friedman's opinion, what should individuals be allowed to do?
(a) Pursue their own ends.
(b) Print their own money.
(c) Elect their own leaders.
(d) Choose their own religion.

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

4. What does Friedman believe coordinates individuals over vast distances and across all belief systems?
(a) The electoral system.
(b) The price system.
(c) The geographic system.
(d) The educational system.

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

Short Answer Questions

1. Originally, liberalism fought for freedom of thought, free-markets, free trade, constitutionalism, representative government, and ______.

2. One question Friedman asks is how we can stop government from destroying ______.

3. In Friedman's analysis, what century is the historical exception to most men living in tyranny, servitude, and misery?

4. Who does Friedman state rejects the view that the government is the patron or master of the citizenry?

5. Friedman states that government should be ______.

(see the answer key)

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