Capitalism and Freedom Test | Final Test - Medium

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This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

1. In Chapter 12, The Alleviation of Poverty, what two things does Friedman say a person cannot be at the same time?
(a) Progressive and conservative.
(b) Egalitarian and liberal.
(c) Democrat and republican.
(d) Naturalist and soldier.

2. Friedman suggests that employees may prefer to have part of their remuneration take the form of amenities such as what?
(a) Housing allowance.
(b) Libraries.
(c) Parking spaces.
(d) Baseball fields.

3. Three levels of control are licensing, registration, and ______.
(a) Recognition.
(b) Acceptance.
(c) Certification.
(d) Initiation.

4. According to Friedman, what is the goal of government intervention regarding the distribution of income?
(a) Income equality.
(b) Taxation.
(c) Job creation.
(d) Social welfare.

5. Which group does Friedman believe to be contradictory in their views on free speech and fair employment laws?
(a) NAACP.
(b) ACLU.
(c) FCC.
(d) ACSA.

Short Answer Questions

1. Friedman hypothesizes that there has been a change in discrimination along with the rise of capitalism because ______.

2. What example does Friedman give for one argument for registration?

3. One threat Friedman believes to the preservation and expansion of freedom is ______.

4. Labor unions are referred to as ______.

5. In what decades did intellectuals in the United States consider capitalism to be defective?

Short Essay Questions

1. What is Friedman's recommendation regarding an income tax?

2. In Chapter 13, Friedman summarizes his examples. Which do you disagree with?

3. According to Friedman, do monopolies have any sort of "social responsibility"?

4. Why is Friedman against fair employment laws?

5. What are the three primary forms of monopoly?

6. According to Friedman, is there any justification for government intervention when it comes to distributing wealth?

7. Why does Friedman reject "right to work" laws?

8. Where do you stand: are you on the liberal free market side or more on the government intervention side? Why?

9. Do you agree or disagree with Friedman's flat tax proposal?

10. What does Friedman believe are the effects of farm price supports?

(see the answer keys)

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