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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 asserts that government is needed for the ______.
(a) "Rules of the road."
(b) "Rules of the citizens."
(c) "Rules of the system."
(d) "Rules of the game."

2. In the market described by Friedman, exchanges between households are ______.
(a) Coerced.
(b) Voluntary.
(c) Obligatory.
(d) Unwilling.

3. What is one way Friedman believes some people criticize markets?
(a) It inequitably distributes wealth.
(b) It gives people what they want.
(c) It hurts those in power.
(d) It limits people's choices.

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

5. What does Friedman believe coordinates individuals over vast distances and across all belief systems?
(a) The geographic system.
(b) The educational system.
(c) The price system.
(d) The electoral system.

Short Answer Questions

1. One of Friedman's claims for government involvement in education asserts that there are ______ to education.

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

3. For Friedman, what is something that when privately owned can be used if the price is right?

4. Which type of education does Friedman not advocate the government paying for?

5. For Friedman, what is an all-embracing ethic?

(see the answer key)

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