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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 3, The Control of Money.

Multiple Choice Questions

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

2. In Friedman's opinion, what will check government power?
(a) A strong judicial system.
(b) A tripartite government.
(c) A free market.
(d) The people.

3. 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.

4. How are decisions, for Friedman, made where unanimity is a costly way of making decisions?
(a) Majority rule.
(b) Decisions by committee.
(c) A system of checks and balances.
(d) Executive decision.

5. By Friedman's account, the market permits unanimity without ______.
(a) Resentment.
(b) Freedom.
(c) Solitude.
(d) Conformity.

Short Answer Questions

1. Which of the following cannot be justified by Friedman for government interventions?

2. In Chapter 3, what does Friedman provide a history of?

3. Friedman states that government should be ______.

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

5. What does Friedman claim that governments abuse?

(see the answer key)

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