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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. One question Friedman asks is how we can stop government from destroying ______.
(a) Citizens.
(b) Freedom.
(c) Entertainment.
(d) Taxes.

2. One solution Friedman proposes is to give parents ______ for schooling.
(a) Vouchers.
(b) Credits.
(c) Coupons.
(d) Tokens.

3. Friedman's theory is that monetary exchange rates will allow trades across countries to ______ in accord with those rates.
(a) Increase.
(b) Decrease.
(c) Stagnate.
(d) Equilibrate.

4. Friedman believes that government that has the power to do good, also has the power to do ______.
(a) Wrong.
(b) Bad.
(c) Right.
(d) Nothing.

5. Friedman advocates the end of ______.
(a) Capitalism.
(b) Exchange rates.
(c) Export quotas.
(d) The free market.

Short Answer Questions

1. Regarding certification, what does Friedman stress increases sales?

2. What term refers to the Federal Reserve's ability to produce more money than is deposited?

3. Which of the following can be justified by Friedman for government interventions?

4. What does the Texas Railroad Commission enforce?

5. What effect has public housing had on the density of people per dwelling?

(see the answer key)

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