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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 uses the example of selling ______ to demonstrate a true global economy.
(a) Corn.
(b) Rice.
(c) Oil.
(d) Wheat.

2. In Chapter 3, what does Friedman provide a history of?
(a) World War I.
(b) British colonialism.
(c) American monetary policy.
(d) The Federal Reserve System.

3. Friedman would agree that racism is ______.
(a) Expensive.
(b) Fixable with government intervention.
(c) Curable.
(d) Unavoidable.

4. One role of government argued by the New Deal was to ______.
(a) Eliminate excessive alcohol drinking.
(b) Provide subsidies for the poor.
(c) Regulate military spending.
(d) Even out economic cycles.

5. If forced to choose between segregation or integration, which would Friedman choose?
(a) Segregation.
(b) A combination.
(c) Integration.
(d) Neither.

Short Answer Questions

1. What has capitalism done for discrimination according to Friedman?

2. According to Friedman, whom does free trade benefit?

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

4. Friedman states that the problem with teacher salaries is not that they are too low, but that they are ______.

5. According to Friedman, the market enables wide diversity, meaning power can be located in ______.

(see the answer key)

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