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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. Friedman believes that free markets are not sufficient for political freedom since many countries demonstrate the possibility of ______.
(a) Economic freedom.
(b) Laissez-faire markets.
(c) Authoritarian capitalism.
(d) Dictatorial government.

2. Friedman states that government should be ______.
(a) Streamlined.
(b) Consolidated.
(c) Incorporated.
(d) Decentralized.

3. One question Friedman asks is how we can stop government from destroying ______.
(a) Citizens.
(b) Entertainment.
(c) Freedom.
(d) Taxes.

4. What does Friedman say can government not duplicate?
(a) The creativity of the individual.
(b) An international monitoring system.
(c) The power of local control.
(d) The free market economic system.

5. What does Friedman believe needs protection in order for the freedom of the market to arise?
(a) Citizens.
(b) Contracts.
(c) Government.
(d) Religion.

Short Answer Questions

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

2. For Friedman, what is something that when privately owned can be used if the price is right?

3. Friedman asserts that current liberalism is tied to the state management of ______.

4. According to Friedman, what is a necessary condition for political freedom?

5. Past and current definitions of liberalism are the same with respect to ______.

(see the answer key)

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