View a FREE sample

This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 13, Conclusion.

Multiple Choice Questions

1. Friedman's belief is that what cause would free trade substantially promote, both domestically and internationally?
(a) Freedom.
(b) Political power.
(c) Regulation.
(d) Currency exchange.

2. In Friedman's analysis, what century is the historical exception to most men living in tyranny, servitude, and misery?
(a) 19th.
(b) 20th.
(c) 17th.
(d) 18th.

3. What does Friedman claim that governments abuse?
(a) Ability to issue stocks.
(b) The trust of the people.
(c) Commodity standards.
(d) The power to determine taxes.

4. One argument Friedman theorizes for Social Security is ______.
(a) The neighborhood effect.
(b) The economics of incentives argument.
(c) The lost boys result.
(d) Paternalism.

5. Another threat for Friedman to the preservation and expansion of freedom is:
(a) An internal threat of government regulation.
(b) An internal threat of labor unions.
(c) An internal threat of licensure requirements.
(d) An internal threat of unfair political practices.

Short Answer Questions

1. What is the term for making non-membership in a union a condition of employment?

2. According to Friedman, the essence of a competitive market is its ______ character.

3. According to Friedman, what is a necessary condition for political freedom?

4. According to Friedman, a liberal will welcome measures that promote what?

5. What effect has Friedman observed that public housing has had on juvenile delinquency?

(see the answer key)

This section contains 229 words (approx. 1 page at 300 words per page) View a FREE sample