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

Multiple Choice Questions

1. In Chapter 10, The Distribution of Income, what was the chief characteristic of progress and development over the past century?
(a) Advances in entertainment.
(b) Advances in education.
(c) Increae in leisure time.
(d) Advances in technology.

2. Labor unions are referred to as ______.
(a) Monopoly in industry.
(b) Monopoly in government.
(c) Produced monopoly.
(d) Monopoly in labor.

3. What was the exemption of the federal income tax when Friedman wrote "Capitalism and Freedom"?
(a) $600.
(b) $2000.
(c) $1000.
(d) $300.

4. For Friedman, what is the main argument for licensure?
(a) Maternalism.
(b) Racism.
(c) Paternalism.
(d) Materialism.

5. What example does Friedman use to argue against the redistribution of wealth?
(a) Robinson Crusoe.
(b) The Swiss Family Robinson.
(c) Mark Twain.
(d) Davey Crockett.

6. According to Friedman, what is the goal of government intervention regarding the distribution of income?
(a) Social welfare.
(b) Income equality.
(c) Job creation.
(d) Taxation.

7. What does Friedman believe makes registration easier?
(a) Representation.
(b) Recognition.
(c) Elections.
(d) Taxation.

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

9. What problem did Dicey write about in 1914?
(a) Prenatal and infant care.
(b) Old age pensions.
(c) Veteran's health benefits.
(d) Education for all.

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

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

12. What example does Friedman use to demonstrate his views on employment practices?
(a) A baker.
(b) A blacksmith.
(c) A grocer.
(d) A lawyer.

13. According to Friedman, Social security measures were enacted to make receipt of assistance a matter of ______.
(a) Authority.
(b) Principle.
(c) Right.
(d) Paperwork.

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

15. Friedman would agree that racism is ______.
(a) Fixable with government intervention.
(b) Expensive.
(c) Curable.
(d) Unavoidable.

Short Answer Questions

1. What has been more potent for progress than the visible hand for retrogression according to Friedman?

2. Friedman believes that ______ are no argument for nationalizing the provision of annuities.

3. What is one argument Friedman gives for public housing?

4. According to Friedman, what are licenses restrictions on?

5. Who does Friedman believe maintains the system of licensure?

(see the answer keys)

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