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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) Socialism.
(c) Materialism.
(d) Prosperity.

2. Friedman asserts that government restriction centralizes ______.
(a) Wealth.
(b) Elitism.
(c) Goods.
(d) Power.

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

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

5. Friedman hypothesizes that the change from free market societies to economic controlled ones led classical liberals to worry that it would ______ political freedom.
(a) Bolster.
(b) Weaken.
(c) Strengthen.
(d) Undermine.

Short Answer Questions

1. Friedman believes that economic control can lead to infringements on ______.

2. In Friedman's analysis, what century is the historical exception to most men living in tyranny, servitude, and misery?

3. Friedman advocates that government should not be a master, but a/an ______.

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

5. Friedman believes that free markets are not sufficient for political freedom since many countries demonstrate the possibility of ______.

(see the answer key)

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