1. Which of the following does Friedman dispute?
(a) The Central Bank holds too much power.
(b) A free market economic system works.
(c) Government should stay out of individual economic choices.
(d) The gold standard for backing money is good.

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

3. Friedman defines a country as a collection of ______.
(a) Ideals.
(b) Citizens.
(c) Leaders.
(d) Individuals.

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

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

Short Answer Questions

1. Friedman hypothesizes that the change from free market societies to economic controlled ones led classical liberals to worry that it would ______ political freedom.

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

3. Friedman advocates that individuals should be able to buy and sell ______.

4. Friedman states that government should be ______.

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

(see the answer key)

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