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

Multiple Choice Questions

1. By Friedman's account, the market permits unanimity without ______.
(a) Conformity.
(b) Freedom.
(c) Solitude.
(d) Resentment.

2. What is one disadvantage Friedman describes of programs to alleviate poverty?
(a) Authorization.
(b) Funding.
(c) Fraud.
(d) Administration.

3. What is the major disadvantage Friedman describes of the proposed negative income tax?
(a) Determining the level of benefit.
(b) Determining the level of tax.
(c) Political implications.
(d) Implementation implications.

4. Friedman theorizes compulsory purchase of annuities has imposed ______ costs for ______ gains.
(a) Large, little.
(b) Social, political.
(c) Little, large.
(d) Minimal, moderate.

5. What example does Friedman give for one argument for registration?
(a) Firearm registration.
(b) Alcohol registration.
(c) Sex offender registration.
(d) Tobacco registration.

Short Answer Questions

1. What prefix were New Dealers commonly called?

2. According to Friedman, what is a necessary condition for political freedom?

3. Who said, "There is much ruin in a nation"?

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

5. Three levels of control are licensing, registration, and ______.

(see the answer key)

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