Free to Choose: A Personal Statement | Multiple Choice Test Questions

Multiple Choice Questions

This section contains 180 multiple choice questions about Free to Choose: A Personal Statement. Multiple choice questions test a student's recall and understanding of the text. Use these questions for chapter quizzes, homework assignments or tests. Jump to the quiz/homework section for the multiple choice worksheets.

Multiple Choice - Chapter 1, The Power of the Market

1. The economy functions on the basis of:
a) command
b) orders
c) government direction
d) voluntary cooperation

2. According to Friedman, the former Soviet economy was based on:
a) none of the above
b) free markets
c) command
d) voluntary cooperation

3. The command elements of every economy include things like:
a) forbidding the purchase and sales of heroin
b) military conscription
c) prices
d) court orders

4. Adam Smith says that voluntary exchange will not take place unless:
a) both parties benefit from it
b) one party can profits
c)...
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