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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. According to Friedman, what are licenses restrictions on?
2. According to Friedman, Social security measures were enacted to make receipt of assistance a matter of ______.
3. What is the term for laws that forbid membership in a union a requirement for employment?
4. Labor unions are referred to as ______.
5. What does FEPC stand for?
Short Essay Questions
1. In Chapter 13, Friedman summarizes his examples. Which do you disagree with?
2. Why is Friedman against fair employment laws?
3. 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?
4. According to Friedman, is there any justification for government intervention when it comes to distributing wealth?
5. What does Friedman believe are the effects of farm price supports?
6. What example does Friedman use to illustrate his point about direct cash payments to those below a certain income level?
7. What are the three forms of control discussed by Friedman in Chapter 9, Occupational Licensure?
8. What does Friedman assert that capitalism has done for inequalities?
9. Do you agree or disagree with Friedman's flat tax proposal?
10. What are the three sources of monopoly?
Essay Topics
Write an essay for ONE of the following topics:
Essay Topic 1
Friedman advocates for the end of the progressive income tax in favor of a flat tax. Why is he against the progressive income tax? What are the benefits to a flat tax? In an essay, analyze Friedman's claims on the progressive income tax.
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
Friedman describes the current international trade arrangements of his time. In Friedman's day, the value of currency was tied to the gold standard. This arrangement was known as the Bretton Woods system. Analyze this currency system. What is it? How did it work? What were the advantages and disadvantages of it? How does it compare with what we have in the present day?
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This section contains 806 words (approx. 3 pages at 300 words per page) |
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