Capitalism and Freedom Test | Final Test - Hard

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Final Test - Hard

This quiz consists of 5 short answer questions and 1 (of 3) essay topics.

Short Answer Questions

1. What prefix were New Dealers commonly called?

2. In Chapter 12, The Alleviation of Poverty, what two things does Friedman say a person cannot be at the same time?

3. For Friedman, what is the main argument for licensure?

4. Who does Friedman believe is most critical of capitalism?

5. What is one example of a government supported monopoly?

Essay Topics

Friedman published "Capitalism and Freedom" in 1962. It is one of Friedman's attempts to spread free-market ideas to the public at large. The book advocates a number of free-market proposals, many of which, such as floating exchange rates and flat taxes, are implemented across the world today and seem commonplace. However, many of his more radical ideas remain controversial, such as school vouchers, or are totally ignored, like ending occupational licensure. In an essay, examine the historical context of Friedman's work and analyze the major movements of the time that may have influenced his views.

Friedman disagrees with the multiplier effect, a Keynesian theory, reasoning for government spending. Analyze the multiplier effect and examine the man who propagates the theory, John Maynard Keynes.

Friedman argues against licensure in general. Examine Friedman's arguments against this topic and critique his examples.

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This section contains 231 words (approx. 1 page at 300 words per page) View a FREE sample