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

Multiple Choice Questions

1. One solution Friedman proposes is to give parents ______ for schooling.
(a) Coupons.
(b) Credits.
(c) Vouchers.
(d) Tokens.

2. Friedman defines a country as a collection of ______.
(a) Citizens.
(b) Leaders.
(c) Individuals.
(d) Ideals.

3. Friedman's theory is that monetary exchange rates will allow trades across countries to ______ in accord with those rates.
(a) Equilibrate.
(b) Stagnate.
(c) Increase.
(d) Decrease.

4. Friedman asserts that the Federal Reserve created the major contractions of the following years except______.
(a) 1929-33.
(b) 1937-38.
(c) 1926-27.
(d) 1920-21.

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

Short Answer Questions

1. What is the term for laws that forbid membership in a union a requirement for employment?

2. In Chapter 12, The Alleviation of Poverty, what two things does Friedman say a person cannot be at the same time?

3. In Chapter 10, The Distribution of Income, what was the chief characteristic of progress and development over the past century?

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

5. According to Friedman, the market enables wide diversity, meaning power can be located in ______.

(see the answer key)

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