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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 13, Conclusion.

Multiple Choice Questions

1. What problem did Dicey write about in 1914?
(a) Veteran's health benefits.
(b) Prenatal and infant care.
(c) Old age pensions.
(d) Education for all.

2. In Chapter 3, what does Friedman provide a history of?
(a) World War I.
(b) American monetary policy.
(c) British colonialism.
(d) The Federal Reserve System.

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

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

5. Where does Friedman live?
(a) San Francisco.
(b) Chicago.
(c) Philadelphia.
(d) New York.

Short Answer Questions

1. What is one factor that Friedman believes has reduced inequality?

2. A common misunderstanding of economic freedom, according to Friedman, is that it emphasizes ______.

3. Originally, liberalism fought for freedom of thought, free-markets, free trade, constitutionalism, representative government, and ______.

4. What does Friedman believe is an appropriate rate of increase for the Federal Reserve?

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

(see the answer key)

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