View a FREE sample

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

Multiple Choice Questions

1. Which of the following is not an example of social welfare?
(a) Medicare.
(b) Public housing.
(c) Occupational licensure.
(d) Minimum wage laws.

2. Friedman hypothesizes that the change from free market societies to economic controlled ones led classical liberals to worry that it would ______ political freedom.
(a) Undermine.
(b) Weaken.
(c) Bolster.
(d) Strengthen.

3. To what does Friedman equate competition?
(a) A perpendicular line.
(b) The Prime Meridian.
(c) A Euclidean line.
(d) A parallel line.

4. Friedman states that government should be ______.
(a) Expanded.
(b) Limited.
(c) Destroyed.
(d) Held accountable.

5. What is one argument Friedman gives for public housing?
(a) The law of supply effect.
(b) The neighborhood effect.
(c) The law of demand effect.
(d) The paternalism effect.

Short Answer Questions

1. What does FEPC stand for?

2. Who does Friedman think can abuse licensure?

3. What does Friedman advocate the abolition of in Chapter 10, The Distribution of Income?

4. What has capitalism done for discrimination according to Friedman?

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

(see the answer key)

This section contains 230 words (approx. 1 page at 300 words per page) View a FREE sample