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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 1, The Relation between Economic Freedom and Political Freedom.

Multiple Choice Questions

1. A common misunderstanding of economic freedom, according to Friedman, is that it emphasizes ______.
(a) Wealth.
(b) Materialism.
(c) Socialism.
(d) Prosperity.

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

3. According to Friedman, the market enables wide diversity, meaning power can be located in ______.
(a) The hands of a few.
(b) Large pockets with limited interests.
(c) Small pockets of individual actors.
(d) The hands of many.

4. Friedman advocates that government should not be a master, but a/an ______.
(a) Philosophy.
(b) Instrument.
(c) Slave.
(d) Mechanism.

5. Friedman believes that government that has the power to do good, also has the power to do ______.
(a) Bad.
(b) Right.
(c) Nothing.
(d) Wrong.

Short Answer Questions

1. Besides enforcing contracts, what one other thing does Friedman say government should do?

2. In Friedman's opinion, what will check government power?

3. Originally, liberalism fought for freedom of thought, free-markets, free trade, constitutionalism, representative government, and ______.

4. According to Friedman, what is liberty's greatest enemy?

5. What does Friedman say can government not duplicate?

(see the answer key)

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