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

Multiple Choice Questions

1. Regarding certification, what does Friedman stress increases sales?
(a) Certificates of authenticity.
(b) Stringent certification controls.
(c) Good products that maintain good reputations.
(d) Word of mouth advertising.

2. What effect has Friedman observed that public housing has had on juvenile delinquency?
(a) Spread it out.
(b) Reduced it.
(c) Increased it.
(d) Maintained it.

3. Which type of monopoly does Friedman believe is least bad?
(a) Private monopoly.
(b) Labor monopoly.
(c) Government regulation.
(d) Government monopoly.

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

5. How many problems with monopolies does Friedman describe?
(a) Two.
(b) One.
(c) Four.
(d) Three.

6. Forming a list of who engages in what is known as ______.
(a) Licensing.
(b) Registration.
(c) Listing.
(d) Organizing.

7. Where does Friedman live?
(a) Chicago.
(b) San Francisco.
(c) Philadelphia.
(d) New York.

8. According to Friedman, who benefits from licensure?
(a) Clients.
(b) Aspirants.
(c) Licensed practitioners.
(d) Customers.

9. What is the key issue for Friedman with annuities?
(a) Government issuance of annuities.
(b) Fulfilling the demand for annuities.
(c) Compulsory purchase of annuities.
(d) Distributing the profits of annuities.

10. Who does Friedman think can abuse licensure?
(a) Educational institutions.
(b) Those applying for the licenses.
(c) Special interest groups.
(d) An elite few in power.

11. Three levels of control are licensing, registration, and ______.
(a) Certification.
(b) Recognition.
(c) Initiation.
(d) Acceptance.

12. In Chapter 12, The Alleviation of Poverty, what two things does Friedman say a person cannot be at the same time?
(a) Progressive and conservative.
(b) Egalitarian and liberal.
(c) Democrat and republican.
(d) Naturalist and soldier.

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

14. According to Friedman, what is one unknown negative effect of farm subsidies?
(a) Increase in production of cotton.
(b) A removal of three senate seats.
(c) An emphasis on educational testing.
(d) A hindrance to the pursuit of foreign policy.

15. Friedman claims there is no connection between equal treatment and what?
(a) Equal opportunity.
(b) Equal shares of income.
(c) Equal rights.
(d) Equal protection.

Short Answer Questions

1. What industry sector is most prevalent in monopoly?

2. According to Friedman, the essence of a competitive market is its ______ character.

3. What example does Friedman use to argue against the redistribution of wealth?

4. To what previous restrictions on labor does Friedman compare licenses?

5. According to Friedman, what is the goal of government intervention regarding the distribution of income?

(see the answer keys)

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