Capitalism and Freedom Test | Final Test - Hard

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This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.

Short Answer Questions

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

2. According to Friedman, who benefits from licensure?

3. For Friedman, what is one major problem in interpreting the evidence on the distribution of income?

4. Friedman would agree that racism is ______.

5. What industry does Friedman use to explain his views on monopoly in labor?

Short Essay Questions

1. What does Friedman say about public housing as a form of social welfare?

2. What does Friedman assert that capitalism has done for inequalities?

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

4. Do you think doctors should be required to obtain a license?

5. In Chapter 13, Friedman summarizes his examples. Which do you agree with?

6. What example does Friedman use to illustrate his point about direct cash payments to those below a certain income level?

7. What recommendations would Friedman give to a president about an economic downturn?

8. What does Friedman believe are the effects of minimum wage laws?

9. What is the problem for Friedman with fair employment commission legislation?

10. Do you think people should be forced to participate in social security?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

What is the balance wheel theory of intervention? What is Friedman's view on it?

Essay Topic 2

Chapter 7 is arguably Friedman's most controversial chapter because of his views of government intervention in discrimination. Friedman, the free market capitalist, believes that government should not have laws based on race and people should be free to shop, purchase, and hire wherever they choose. Analyze Friedman's argument and examine the historical examples he gives to support his opinion.

Essay Topic 3

Friedman discusses the role of government in education. He says that the government can require education because a democratic society cannot exist without a literate and informed population. Focusing on compulsory education, analyze the role of government in education.

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