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This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

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

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

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

4. 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) Advances in technology.
(d) Increae in leisure time.

5. What is one example Friedman uses to demonstrate his point on monopoly in industry?
(a) Entertainment vs. telecommunication industry.
(b) Steel vs. shipping industry.
(c) Textile vs. production industry.
(d) Automobile vs. wholesale industry.

Short Answer Questions

1. What is one factor that Friedman believes has reduced inequality?

2. What term describes the deliberate setting of prices through an agreement by firms?

3. What two professions does Friedman compare to support his claim on the harm it does when people are unable to find mutually acceptable contracts?

4. What problem did Dicey write about in 1914?

5. Where does Friedman live?

Short Essay Questions

1. What are the three primary forms of monopoly?

2. According to Friedman, can a liberal be an egalitarian?

3. Who are the biggest advocates of occupational licensure that Friedman describes?

4. Friedman accepts the reasoning that justifies "governmental action to alleviate poverty" (p. 191). What two issues must be addressed in order for this to happen?

5. According to Friedman, do monopolies have any sort of "social responsibility"?

6. What does Friedman say about public housing as a form of social welfare?

7. What does Friedman believe are the effects of farm price supports?

8. What are the three sources of monopoly?

9. What is occupational licensure?

10. Do you think people should be forced to participate in social security?

(see the answer keys)

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