View a FREE sample

This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 4, International and Financial Trade Arrangements.

Multiple Choice Questions

1. According to Friedman, what conflicts with one another for men?
(a) Absolute freedom.
(b) Political ideology.
(c) Economic interests.
(d) Religious beliefs.

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

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

4. According to Friedman, what is the Federal Reserve lacking?
(a) A Declaration of Independence of sorts.
(b) A Constitution of sorts.
(c) A Rosetta Stone of sorts.
(d) A Magna Carta of sorts.

5. According to Friedman, what is liberty's greatest enemy?
(a) The Federal government.
(b) Elected leaders.
(c) Concentration of power.
(d) The educational system.

Short Answer Questions

1. How are decisions, for Friedman, made where unanimity is a costly way of making decisions?

2. What major event does Friedman strongly believe was a result of the government mishandling the money supply?

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

4. Friedman states that government should be ______.

5. Friedman's theory on government intervention is that government is needed to be what regarding disputes?

(see the answer key)

This section contains 212 words (approx. 1 page at 300 words per page) View a FREE sample