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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. According to Friedman, what is liberty's greatest enemy?
(a) The educational system.
(b) Concentration of power.
(c) The Federal government.
(d) Elected leaders.

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

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

4. In Friedman's analysis, what century is the historical exception to most men living in tyranny, servitude, and misery?
(a) 20th.
(b) 18th.
(c) 17th.
(d) 19th.

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

Short Answer Questions

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

2. What does Friedman believe needs protection in order for the freedom of the market to arise?

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

4. Friedman defines a country as a collection of ______.

5. What does Friedman believe coordinates individuals over vast distances and across all belief systems?

(see the answer key)

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