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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 9, Occupational Licensure.

Multiple Choice Questions

1. What does Friedman believe makes registration easier?
(a) Elections.
(b) Representation.
(c) Taxation.
(d) Recognition.

2. What does Friedman claim that governments abuse?
(a) Commodity standards.
(b) Ability to issue stocks.
(c) The trust of the people.
(d) The power to determine taxes.

3. According to Friedman, what cannot exist without a literate and informed population?
(a) A well-armed militia.
(b) Democratic societies.
(c) A progressive political system.
(d) First world countries.

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

5. According to Friedman, what is one problem with government stimulus during a recession?
(a) The stimulus is generally too small to jump-start the economy.
(b) The attempts often have a negative effect.
(c) The measures do not take effect until after the recession.
(d) More often than not, inflation skyrockets.

Short Answer Questions

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

2. Friedman suggests that employees may prefer to have part of their remuneration take the form of amenities such as what?

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

4. What is one example of a negative externality?

5. Friedman's analysis of government argues that it is not ______.

(see the answer key)

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