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

Multiple Choice Questions

1. Friedman believes that the goddess of chance is ______.
(a) Skilled.
(b) Deaf.
(c) Blind.
(d) Dead.

2. What effect has public housing had on the density of people per dwelling?
(a) Maintained it.
(b) Increased it.
(c) Spread it out.
(d) Reduced it.

3. What industry does Friedman use to argue against licensure?
(a) Teachers.
(b) Medical.
(c) Economists.
(d) Attorneys.

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

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

6. To what does Friedman equate competition?
(a) A parallel line.
(b) The Prime Meridian.
(c) A Euclidean line.
(d) A perpendicular line.

7. At the time of the book's publication, there was a tendency to regard government intervention as ______.
(a) Desirable.
(b) Detrimental.
(c) Harmful.
(d) Necessary.

8. What term describes the deliberate setting of prices through an agreement by firms?
(a) Labor unions.
(b) Collusion.
(c) Free market.
(d) Monopoly.

9. Another threat for Friedman to the preservation and expansion of freedom is:
(a) An internal threat of unfair political practices.
(b) An internal threat of licensure requirements.
(c) An internal threat of government regulation.
(d) An internal threat of labor unions.

10. One argument Friedman theorizes for Social Security is ______.
(a) The economics of incentives argument.
(b) Paternalism.
(c) The neighborhood effect.
(d) The lost boys result.

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

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

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

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

15. Friedman gives the following examples of the negative effects of government intervention except ______.
(a) Regulation of the railroads.
(b) Religious freedom acts.
(c) Farm subsidies.
(d) Housing programs.

Short Answer Questions

1. What specific social responsibility does Friedman condemn for corporations?

2. Friedman gives examples of successful government intervention except ______.

3. Which type of monopoly does Friedman believe is least bad?

4. In Chapter 12, The Alleviation of Poverty, what two things does Friedman say a person cannot be at the same time?

5. Friedman would agree that racism is ______.

(see the answer keys)

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