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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 threat Friedman believes to the preservation and expansion of freedom is ______.

2. Friedman gives examples of successful government intervention except ______.

3. What effect has Friedman observed that public housing has had on juvenile delinquency?

4. One argument Friedman theorizes for Social Security is ______.

5. Another threat for Friedman to the preservation and expansion of freedom is:

Short Essay Questions

1. What are the three sources of monopoly?

2. What is the progressive income tax?

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

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

5. Why is Friedman against fair employment laws?

6. Friedman accepts the reasoning that justifies "governmental action to alleviate poverty" (p. 191). What two issues must be addressed in order for this to happen?

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

8. What does Friedman believe are the effects of minimum wage laws?

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

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

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

What is the balance wheel theory of intervention? What is Friedman's view on it?

Essay Topic 2

Friedman argues that government mishandling of the money supply produced the Great Depression. Examine Friedman's analysis of the Great Depression and determine if the Federal Reserve System caused the Great Depression.

Essay Topic 3

Friedman articulates one solution for government involvement in education: vouchers. Analyze Friedman's voucher proposal to the current day voucher proposal and decide whether this would be a good solution to improve education.

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