Capitalism and Freedom Quiz | Eight Week Quiz E

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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 9, Occupational Licensure.

Multiple Choice Questions

1. What is the term for making non-membership in a union a condition of employment?
(a) "Blue-bee" contract.
(b) "Green-bird" contract.
(c) Red-cat" contract.
(d) "Yellow-dog" contract.

2. Which term describes the purpose of federal spending?
(a) None of the answers is correct.
(b) "Balance beam."
(c) "Seesaw."
(d) "Balance wheel."

3. By Friedman's account, the market permits unanimity without ______.
(a) Solitude.
(b) Conformity.
(c) Resentment.
(d) Freedom.

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

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

Short Answer Questions

1. Friedman states that government should be ______.

2. According to Friedman, what is one problem with government stimulus during a recession?

3. What is the term for currency not being traded for any amount of another currency?

4. Friedman uses the example of selling ______ to demonstrate a true global economy.

5. What is the basic problem of social life for Friedman?

(see the answer key)

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