View a FREE sample

This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 3, The Control of Money.

Multiple Choice Questions

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

2. Who does Friedman state rejects the view that the government is the patron or master of the citizenry?
(a) The educated man.
(b) The rich man.
(c) The free man.
(d) The poor man.

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

4. Originally, liberalism fought for freedom of thought, free-markets, free trade, constitutionalism, representative government, and ______.
(a) Fair trade.
(b) Rights of the poor.
(c) A welfare state.
(d) The rule of law.

5. In Friedman's opinion, what should individuals be allowed to do?
(a) Print their own money.
(b) Pursue their own ends.
(c) Elect their own leaders.
(d) Choose their own religion.

Short Answer Questions

1. Which of the following does Friedman dispute?

2. What does Friedman assert is an example of an appropriate task for government?

3. According to Friedman, what conflicts with one another for men?

4. What is one way Friedman believes some people criticize markets?

5. Friedman's theory on government intervention is that government is needed to be what regarding disputes?

(see the answer key)

This section contains 265 words (approx. 1 page at 300 words per page) View a FREE sample