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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. Friedman advocates the end of ______.
(a) Capitalism.
(b) Export quotas.
(c) The free market.
(d) Exchange rates.

2. What does the Texas Railroad Commission enforce?
(a) Number of trains on the rails.
(b) Cattle in fields near railway lines.
(c) Output of oil wells.
(d) Transportation of goods by rail.

3. What does FEPC stand for?
(a) Fixing Economic Policy for Capitalism.
(b) Fair Employment Practice Commission.
(c) Future Exercises for Preventing Catastrophes.
(d) Finding Education and People Cooperatively.

4. What example does Friedman use to demonstrate his views on employment practices?
(a) A blacksmith.
(b) A grocer.
(c) A baker.
(d) A lawyer.

5. What term refers to the argument for education that parents will not do best for their children?
(a) Sacrificial.
(b) Employment.
(c) Paternalistic.
(d) Maternalistic.

Short Answer Questions

1. According to Friedman, what conflicts with one another for men?

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

3. What does Friedman believe will markets do over time to monopolies?

4. Which of the following does Friedman dispute?

5. What does Friedman claim that governments abuse?

(see the answer key)

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