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This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.
Short Answer Questions
1. Who does Friedman state rejects the view that the government is the patron or master of the citizenry?
2. In Friedman's analysis, what century is the historical exception to most men living in tyranny, servitude, and misery?
3. Friedman asserts that the Federal Reserve created the major contractions of the following years except______.
4. Friedman states that the problem with teacher salaries is not that they are too low, but that they are ______.
5. Originally, liberalism fought for freedom of thought, free-markets, free trade, constitutionalism, representative government, and ______.
Short Essay Questions
1. Where does Friedman believe power in government should be located?
2. What is Friedman's recommendation to the Federal Reserve System?
3. What is the neighborhood effect?
4. According to Friedman, what is the difference between schooling and education? What does the government do?
5. What examples does Friedman give of when the Federal Reserve System mismanaged the money supply?
6. What is meant when Friedman states "Government as rule-maker and umpire"?
7. Explain how international currency rates have changed since 1900.
8. Explain the price system as described by Friedman.
9. What examples does Friedman give of appropriate roles of government in a free society?
10. What reason does Friedman refute for government spending?
Essay Topics
Write an essay for ONE of the following topics:
Essay Topic 1
Friedman argues against licensure in general. Examine Friedman's arguments against this topic and critique his examples.
Essay Topic 2
What is the balance wheel theory of intervention? What is Friedman's view on it?
Essay Topic 3
Friedman gives many historical examples to illustrate his point about the relationship between economic and political freedom. Examine these historical examples and decide whether they prove Friedman's thesis.
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This section contains 626 words (approx. 3 pages at 300 words per page) |
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