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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. Friedman believes that one governmental action that is justifiable is to set a ______ education level.
(a) Standard.
(b) Minimum.
(c) Maximum.
(d) Rational.

2. What industry does Friedman use to argue against licensure?
(a) Economists.
(b) Teachers.
(c) Attorneys.
(d) Medical.

3. What does Friedman assert is an example of an appropriate task for government?
(a) Regulating the job market.
(b) Defining property rights.
(c) Determining price.
(d) Providing for the social welfare.

4. Friedman's theory on government intervention is that government is needed to be what regarding disputes?
(a) Umpire.
(b) Fan.
(c) Announcer.
(d) Groundskeeper.

5. According to Friedman, what is a necessary condition for political freedom?
(a) Governmental regulation.
(b) Fair trade.
(c) Competitive capitalism.
(d) A high gross domestic product.

Short Answer Questions

1. In Friedman's analysis, what century is the historical exception to most men living in tyranny, servitude, and misery?

2. According to Friedman, the market enables wide diversity, meaning power can be located in ______.

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

4. According to Friedman, whom does free trade benefit?

5. What is the basic problem of social life for Friedman?

(see the answer key)

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