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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. Who does Friedman think can abuse licensure?
(a) Those applying for the licenses.
(b) An elite few in power.
(c) Special interest groups.
(d) Educational institutions.

2. What has been more potent for progress than the visible hand for retrogression according to Friedman?
(a) None of the answers is correct.
(b) Hidden hand.
(c) Transparent hand.
(d) Invisible hand.

3. Who does Friedman believe maintains the system of licensure?
(a) Local unions.
(b) Federal government.
(c) Licensure review board.
(d) Licensed members of each field.

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

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

Short Answer Questions

1. Instead of reducing inequality, Friedman states the income tax has favored ______.

2. For Friedman, what is the main argument for licensure?

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

4. What is the major reason Friedman asserts why government intervention has had the opposite of the intended effects?

5. What does Friedman believe makes registration easier?

Short Essay Questions

1. Where do you stand: are you on the liberal free market side or more on the government intervention side? Why?

2. What is Friedman's recommendation regarding an income tax?

3. 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?

4. Why does Friedman reject "right to work" laws?

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

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

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

8. According to Friedman, is there any justification for government intervention when it comes to distributing wealth?

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

10. What recommendations would Friedman give to a president about an economic downturn?

(see the answer keys)

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