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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. One question Friedman asks is how we can stop government from destroying ______.
2. A key component of the government spending is the ______.
3. What term refers to the circumstance under which the action of one individual imposes significant costs on other individuals for which it is not feasible to make him compensate them?
4. One role of government argued by the New Deal was to ______.
5. What term refers to the argument for education that parents will not do best for their children?
Short Essay Questions
1. Why does Friedman believe government power should be limited?
2. What is the modern day definition of liberalism?
3. Explain the paternalistic argument that Friedman describes for government involvement in education.
4. What does Friedman think of the remark, "Ask not what your country can do for you, ask what you can do for your country"?
5. What is the relationship Friedman describes between economic freedom and political freedom?
6. What is meant by "paternalistic grounds"?
7. Explain how international currency rates have changed since 1900.
8. Where does Friedman believe power in government should be located?
9. How does Friedman argue that floating exchange rates can affect international trade?
10. According to Friedman what is the role of government?
Essay Topics
Write an essay for ONE of the following topics:
Essay Topic 1
Friedman condemns charitable giving by corporations and argues that they have no social responsibility. Determine if this is economically sound and true in today's society. Do you agree with Friedman's position?
Essay Topic 2
Friedman theorizes that actions taken by the government to reduce competition, restrict free choice and raise prices have a negative effect on society. Analyze the various forms of monopolies and what the government's role should be.
Essay Topic 3
After describing the current international trade situation regarding government regulation of exchange rates and the price of gold, Friedman goes on to explain his free market solution. What is Friedman's solution? What are the positives and negatives with it? In your opinion, do you think it would work?
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This section contains 668 words (approx. 3 pages at 300 words per page) |
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