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

2. Friedman believes that ______ are no argument for nationalizing the provision of annuities.
(a) Income stabilizations.
(b) Economies of scale.
(c) Wealth redistributions.
(d) Opportunity costs.

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

4. What is one example of a government supported monopoly?
(a) The postal service.
(b) The sugar cane industry.
(c) The coal industry.
(d) The auto industry.

5. One threat Friedman believes to the preservation and expansion of freedom is ______.
(a) The Kremlin.
(b) Economic uncertainties.
(c) Cuba.
(d) An uneducated workforce.

Short Answer Questions

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

2. Labor unions are referred to as ______.

3. How many problems with monopolies does Friedman describe?

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

5. What has capitalism done for discrimination according to Friedman?

Short Essay Questions

1. In Chapter 13, Friedman summarizes his examples. Which do you disagree with?

2. What does Friedman assert that capitalism has done for inequalities?

3. What are two problems with monopolies for the liberal?

4. In Chapter 13, Friedman summarizes his examples. Which do you agree with?

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

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

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

8. If people were given cash instead of subsidies like food stamps, how might they would use it to get themselves out of poverty, and how might it be wasted?

9. Do you think doctors should be required to obtain a license?

10. What are the three sources of monopoly?

(see the answer keys)

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