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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 7, Capitalism and Discrimination.

Multiple Choice Questions

1. Friedman believes that economic control can lead to infringements on ______.
(a) Licensing requirements.
(b) Liberties.
(c) International trade.
(d) Social welfare.

2. Friedman asserts that government restriction centralizes ______.
(a) Goods.
(b) Wealth.
(c) Elitism.
(d) Power.

3. Friedman believes that vocational and professional schools should be totally ______ run.
(a) Cooperatively.
(b) Governmentally.
(c) Privately.
(d) Publicly.

4. One solution Friedman proposes is to give parents ______ for schooling.
(a) Credits.
(b) Coupons.
(c) Vouchers.
(d) Tokens.

5. In Friedman's time, what was illegal to buy or sell?
(a) Gold.
(b) Ethanol.
(c) Alcohol.
(d) Silver.

Short Answer Questions

1. Who does Friedman think should set exchange rates?

2. What does Friedman claim that governments abuse?

3. What two professions does Friedman compare to support his claim on the harm it does when people are unable to find mutually acceptable contracts?

4. What example does Friedman use to demonstrate his views on employment practices?

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

(see the answer key)

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