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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 11, Social Welfare Measures.

Multiple Choice Questions

1. According to Friedman, what are licenses restrictions on?
(a) The age of those who are licensed.
(b) Who may hire whom.
(c) What schools professionals may attend.
(d) The qualifications of those doing the hiring.

2. According to Friedman, what is the goal of government intervention regarding the distribution of income?
(a) Job creation.
(b) Social welfare.
(c) Taxation.
(d) Income equality.

3. Friedman would agree that racism is ______.
(a) Fixable with government intervention.
(b) Unavoidable.
(c) Curable.
(d) Expensive.

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

5. Besides enforcing contracts, what one other thing does Friedman say government should do?
(a) Regulate commerce.
(b) Protect against external threats.
(c) Provide for public transportation.
(d) Secure a country's borders.

Short Answer Questions

1. What does Friedman believe is one drawback of the Federal Reserve having so much power?

2. Friedman states that ______ is a generator of inequality.

3. One of Friedman's claims for government involvement in education asserts that there are ______ to education.

4. Friedman believes that one governmental action that is justifiable is to set a ______ education level.

5. Friedman asserts that the Federal Reserve created the major contractions of the following years except______.

(see the answer key)

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