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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, what are licenses restrictions on?
(a) Who may hire whom.
(b) What schools professionals may attend.
(c) The qualifications of those doing the hiring.
(d) The age of those who are licensed.

2. What is one example Friedman uses to demonstrate his point on monopoly in industry?
(a) Steel vs. shipping industry.
(b) Textile vs. production industry.
(c) Entertainment vs. telecommunication industry.
(d) Automobile vs. wholesale industry.

3. Originally, liberalism fought for freedom of thought, free-markets, free trade, constitutionalism, representative government, and ______.
(a) The rule of law.
(b) Rights of the poor.
(c) A welfare state.
(d) Fair trade.

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

5. What prefix were New Dealers commonly called?
(a) Re.
(b) Ex.
(c) Un.
(d) Ill.

Short Answer Questions

1. Which of the following cannot be justified by Friedman for government interventions?

2. What effect has Friedman observed that minimum wage laws have had on poverty?

3. What effect has Friedman observed that public housing has had on juvenile delinquency?

4. What does FEPC stand for?

5. Friedman advocates the end of ______.

(see the answer key)

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