View a FREE sample

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

Multiple Choice Questions

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

2. What effect has Friedman observed that minimum wage laws have had on poverty?
(a) Spread it out.
(b) Reduced it.
(c) Increased it.
(d) Maintained it.

3. What does Friedman believe will markets do over time to monopolies?
(a) Separate them slowly.
(b) Break them up.
(c) Strengthen them.
(d) Make them obsolete.

4. What does Friedman believe needs protection in order for the freedom of the market to arise?
(a) Contracts.
(b) Citizens.
(c) Religion.
(d) Government.

5. Friedman states that ______ is a generator of inequality.
(a) Social security.
(b) Unemployment.
(c) Redistribution.
(d) Taxation.

Short Answer Questions

1. One question Friedman asks is how we can stop government from destroying ______.

2. What one argument for OASI can be justified for Friedman?

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

4. What does Friedman believe will become self-regulating?

5. What industry does Friedman use to explain his views on monopoly in labor?

(see the answer key)

This section contains 217 words (approx. 1 page at 300 words per page) View a FREE sample