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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 role of government argued by the New Deal was to ______.
(a) Eliminate excessive alcohol drinking.
(b) Regulate military spending.
(c) Provide subsidies for the poor.
(d) Even out economic cycles.

2. Friedman suggests that employees may prefer to have part of their remuneration take the form of amenities such as what?
(a) Parking spaces.
(b) Baseball fields.
(c) Libraries.
(d) Housing allowance.

3. According to Friedman, what is liberty's greatest enemy?
(a) Concentration of power.
(b) The Federal government.
(c) Elected leaders.
(d) The educational system.

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

5. Which of the following can be justified by Friedman for government interventions?
(a) Subsidizing farm production.
(b) The draft.
(c) Minimum wage.
(d) Property rights.

Short Answer Questions

1. What does Friedman assert is an example of an appropriate task for government?

2. What specific social responsibility does Friedman condemn for corporations?

3. Friedman's theory is that monetary exchange rates will allow trades across countries to ______ in accord with those rates.

4. Friedman believes that vocational and professional schools should be totally ______ run.

5. What does Friedman claim that governments abuse?

(see the answer key)

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