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

Multiple Choice Questions

1. By Friedman's account, the market permits unanimity without ______.
(a) Solitude.
(b) Freedom.
(c) Resentment.
(d) Conformity.

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

3. For Friedman, where is the best place for power to be held?
(a) In the economic system.
(b) In the local community.
(c) At the federal level.
(d) In the states.

4. A major point for Friedman is that politics and economics are not ______.
(a) Autonomous.
(b) United.
(c) Separate.
(d) Together.

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

Short Answer Questions

1. How are decisions, for Friedman, made where unanimity is a costly way of making decisions?

2. Which of the following does Friedman dispute?

3. What is the basic problem of social life for Friedman?

4. In Friedman's mind, why is centralization attractive to many?

5. One question Friedman asks is how we can stop government from destroying ______.

(see the answer key)

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