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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. What does Friedman claim that governments abuse?
(a) Commodity standards.
(b) The trust of the people.
(c) Ability to issue stocks.
(d) The power to determine taxes.

2. One question Friedman asks is how we can stop government from destroying ______.
(a) Entertainment.
(b) Freedom.
(c) Citizens.
(d) Taxes.

3. What does Friedman say can government not duplicate?
(a) An international monitoring system.
(b) The free market economic system.
(c) The creativity of the individual.
(d) The power of local control.

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

5. Friedman theorizes that in extreme cases where parents don't pay for schooling, the government could provide a ______.
(a) Pass.
(b) Allowance.
(c) Discount.
(d) Subsidy.

6. In Friedman's eyes, individual activities correspond to game players as the framework of law corresponds to______.
(a) Finishers of the game.
(b) Players of the game.
(c) Rulers of the game.
(d) Leaders of the game.

7. What major event does Friedman strongly believe was a result of the government mishandling the money supply?
(a) None of the answers is correct.
(b) The Great Depression.
(c) World War I.
(d) Prohibition.

8. A major point for Friedman is that politics and economics are not ______.
(a) Separate.
(b) Together.
(c) Autonomous.
(d) United.

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

10. According to Friedman, what is lost when foreign exchange is controlled by the government?
(a) Educational freedom.
(b) Economic freedom.
(c) Political freedom.
(d) Religious freedom.

11. Friedman asserts that current liberalism is tied to the state management of ______.
(a) The educational system.
(b) Social welfare.
(c) The economy.
(d) The electoral vote.

12. One role of government argued by the New Deal was to ______.
(a) Eliminate excessive alcohol drinking.
(b) Even out economic cycles.
(c) Provide subsidies for the poor.
(d) Regulate military spending.

13. Friedman advocates that individuals should be able to buy and sell ______.
(a) Foreign currency.
(b) Stocks.
(c) Gold.
(d) Silver.

14. What does Friedman assert is an example of an appropriate task for government?
(a) Providing for the social welfare.
(b) Determining price.
(c) Regulating the job market.
(d) Defining property rights.

15. What does Friedman believe will become self-regulating?
(a) The gold standard.
(b) Monetary stocks.
(c) Exchange rates.
(d) The World Bank.

Short Answer Questions

1. Besides enforcing contracts, what one other thing does Friedman say government should do?

2. Friedman asserts that government is needed for the ______.

3. Friedman's analysis of government argues that it is not ______.

4. Friedman believes that one governmental action that is justifiable is to set a ______ education level.

5. Friedman uses the example of selling ______ to demonstrate a true global economy.

(see the answer keys)

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