View a FREE sample

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

Multiple Choice Questions

1. What industry does Friedman use to explain his views on monopoly in labor?
(a) Steel.
(b) Auto.
(c) Manufacturing.
(d) Coal.

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

3. To what previous restrictions on labor does Friedman compare licenses?
(a) Clubs and coalitions.
(b) Guilds and castes.
(c) Unions and organizations.
(d) Fraternities and sororities.

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

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

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

7. What does OASI stand for?
(a) Older and Simpler Issues.
(b) Optimum and Standard Issuance.
(c) Old Age and Survivor's Insurance.
(d) Occupational Advocacy Standing Issues.

8. In what decades did intellectuals in the United States consider capitalism to be defective?
(a) 1930s and '40s.
(b) 1920s and '30s.
(c) 1900s and '10s.
(d) 1940s and '50s.

9. One recourse recommended by Friedman for poverty is ______.
(a) Minimum wages.
(b) Private charity.
(c) Government assistance.
(d) More education for the poor.

10. What is one factor that Friedman believes has reduced inequality?
(a) Government intervention.
(b) Civil Rights laws.
(c) Educational opportunities.
(d) Advances in technology.

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

12. Which of the following is not an example of social welfare?
(a) Public housing.
(b) Occupational licensure.
(c) Minimum wage laws.
(d) Medicare.

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

14. What does the Texas Railroad Commission enforce?
(a) Transportation of goods by rail.
(b) Cattle in fields near railway lines.
(c) Number of trains on the rails.
(d) Output of oil wells.

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

Short Answer Questions

1. What is the term for laws that forbid membership in a union a requirement for employment?

2. If forced to choose between segregation or integration, which would Friedman choose?

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

4. Friedman would agree that racism is ______.

5. What example does Friedman use to demonstrate his views on employment practices?

(see the answer keys)

This section contains 420 words (approx. 2 pages at 300 words per page) View a FREE sample