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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. Where does Friedman live?
(a) Chicago.
(b) San Francisco.
(c) New York.
(d) Philadelphia.

2. For Friedman, what is an all-embracing ethic?
(a) Education.
(b) Freedom.
(c) Religion.
(d) Government.

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

4. According to Friedman, it can be argued that private schools ______ class distinctions, and therefore need government intervention.
(a) Exacerbate.
(b) Maintain.
(c) Increase.
(d) Diminish.

5. According to Friedman, what is the Federal Reserve lacking?
(a) A Rosetta Stone of sorts.
(b) A Constitution of sorts.
(c) A Magna Carta of sorts.
(d) A Declaration of Independence of sorts.

Short Answer Questions

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

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

3. Who does Friedman think should set exchange rates?

4. Friedman asserts that government is needed for the ______.

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

(see the answer key)

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