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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 11, Social Welfare Measures.

Multiple Choice Questions

1. What industry does Friedman use to argue against licensure?
(a) Teachers.
(b) Attorneys.
(c) Medical.
(d) Economists.

2. According to Friedman, what is a necessary condition for political freedom?
(a) Governmental regulation.
(b) Fair trade.
(c) A high gross domestic product.
(d) Competitive capitalism.

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

4. What effect has Friedman observed that public housing has had on juvenile delinquency?
(a) Maintained it.
(b) Spread it out.
(c) Increased it.
(d) Reduced it.

5. Friedman believes that economic control can lead to infringements on ______.
(a) Social welfare.
(b) Liberties.
(c) International trade.
(d) Licensing requirements.

Short Answer Questions

1. What term refers to the argument for education that parents will not do best for their children?

2. Friedman points out one idea that is often forgotten is that political and economic institutions have been ______.

3. To what does Friedman equate competition?

4. According to Friedman, the essence of a competitive market is its ______ character.

5. What does Friedman believe makes registration easier?

(see the answer key)

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