View a FREE sample

This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 10, The Distribution of Income.

Multiple Choice Questions

1. Friedman believes that the goddess of chance is ______.
(a) Skilled.
(b) Deaf.
(c) Dead.
(d) Blind.

2. What is the relationship between capitalism and the fraction of income paid for capital in countries?
(a) Correlational.
(b) Direct.
(c) Perpendicular.
(d) Inverse.

3. Friedman theorizes that in extreme cases where parents don't pay for schooling, the government could provide a ______.
(a) Pass.
(b) Allowance.
(c) Subsidy.
(d) Discount.

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

5. What example does Friedman use to argue against the redistribution of wealth?
(a) Davey Crockett.
(b) Mark Twain.
(c) Robinson Crusoe.
(d) The Swiss Family Robinson.

Short Answer Questions

1. Friedman believes that vocational and professional schools should be totally ______ run.

2. What caused all the major nations to abandon the gold standard?

3. One role of government argued by the New Deal was to ______.

4. According to Friedman, what cannot exist without a literate and informed population?

5. In Chapter 10, The Distribution of Income, what was the chief characteristic of progress and development over the past century?

(see the answer key)

This section contains 221 words (approx. 1 page at 300 words per page) View a FREE sample