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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 5, Fiscal Policy.

Multiple Choice Questions

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

2. A major point for Friedman is that politics and economics are not ______.
(a) Separate.
(b) United.
(c) Autonomous.
(d) Together.

3. Which term refers to the government stimulating spending?
(a) "Rev the engine."
(b) "Prime the pump."
(c) "Grease the skids."
(d) "Charge the battery."

4. The thought that the best use of government spending would be on useless projects is known as ______.
(a) "Filling holes."
(b) "Steaming the water."
(c) "Emptying the pot."
(d) "Evening it out."

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

Short Answer Questions

1. Friedman asserts that government restriction centralizes ______.

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

3. Originally, liberalism fought for freedom of thought, free-markets, free trade, constitutionalism, representative government, and ______.

4. Friedman believes that economic control can lead to infringements on ______.

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

(see the answer key)

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