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

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

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

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

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) Undermine.
(c) Weaken.
(d) Strengthen.

Short Answer Questions

1. Friedman believes that government that has the power to do good, also has the power to do ______.

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

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

4. Friedman asserts that government is needed for the ______.

5. What does Friedman say can government not duplicate?

(see the answer key)

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