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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) Dictatorial government.
(c) Laissez-faire markets.
(d) Authoritarian capitalism.

2. Past and current definitions of liberalism are the same with respect to ______.
(a) Free markets and the rule of law.
(b) Paternalism and individualism.
(c) Civil freedoms and democracy.
(d) Distribution of wealth and the welfare state.

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

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

5. Friedman asserts that current liberalism is tied to the state management of ______.
(a) The economy.
(b) Social welfare.
(c) The educational system.
(d) The electoral vote.

Short Answer Questions

1. What is one way Friedman believes some people criticize markets?

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

3. What does Friedman say can government not duplicate?

4. Friedman states that government should be ______.

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

(see the answer key)

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