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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. What industry does Friedman use to argue against licensure?
(a) Economists.
(b) Attorneys.
(c) Medical.
(d) Teachers.
2. What type of society does Friedman believe is least materialistic?
(a) Socialist.
(b) Capitalist.
(c) Marxist.
(d) Collectivist.
3. In Chapter 12, The Alleviation of Poverty, what two things does Friedman say a person cannot be at the same time?
(a) Progressive and conservative.
(b) Egalitarian and liberal.
(c) Democrat and republican.
(d) Naturalist and soldier.
4. What was the exemption of the federal income tax when Friedman wrote "Capitalism and Freedom"?
(a) $2000.
(b) $600.
(c) $1000.
(d) $300.
5. What example does Friedman use to demonstrate his views on employment practices?
(a) A blacksmith.
(b) A lawyer.
(c) A baker.
(d) A grocer.
Short Answer Questions
1. What term describes the deliberate setting of prices through an agreement by firms?
2. According to Friedman, a liberal will welcome measures that promote what?
3. Who does Friedman think can abuse licensure?
4. According to Friedman, Social security measures were enacted to make receipt of assistance a matter of ______.
5. Friedman simply states that to alleviate poverty, we should have a program directed at ______.
Short Essay Questions
1. What are two problems with monopolies for the liberal?
2. Do you think doctors should be required to obtain a license?
3. What recommendations would Friedman give to a president about an economic downturn?
4. In Chapter 13, Friedman summarizes his examples. Which do you disagree with?
5. Do you agree or disagree with Friedman's flat tax proposal?
6. What are the three sources of monopoly?
7. 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?
8. According to Friedman, can a liberal be an egalitarian?
9. What does Friedman say about public housing as a form of social welfare?
10. What is the progressive income tax?
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This section contains 625 words (approx. 3 pages at 300 words per page) |
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