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

Multiple Choice Questions

1. According to Friedman, who benefits from licensure?
(a) Customers.
(b) Licensed practitioners.
(c) Clients.
(d) Aspirants.

2. What effect has public housing had on the density of people per dwelling?
(a) Reduced it.
(b) Maintained it.
(c) Spread it out.
(d) Increased it.

3. Which term describes the purpose of federal spending?
(a) None of the answers is correct.
(b) "Balance wheel."
(c) "Seesaw."
(d) "Balance beam."

4. What is the name of the system with the purpose of regulating monetary policy between leading countries?
(a) The Gold Standard System.
(b) The World Bank System.
(c) The Bretton Woods System.
(d) The International Monetary System.

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

Short Answer Questions

1. What major event does Friedman strongly believe was a result of the government mishandling the money supply?

2. Friedman advocates ______ income of the poor.

3. Who does Friedman state rejects the view that the government is the patron or master of the citizenry?

4. What term refers to the argument for education that parents will not do best for their children?

5. Friedman states that government should be ______.

(see the answer key)

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