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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. What type of society does Friedman believe is least materialistic?
2. For Friedman, what is one major problem in interpreting the evidence on the distribution of income?
3. Instead of reducing inequality, Friedman states the income tax has favored ______.
4. To what does Friedman equate competition?
5. According to Friedman, what is one unknown negative effect of farm subsidies?
Short Essay Questions
1. Who are the biggest advocates of occupational licensure that Friedman describes?
2. According to Friedman, is there any justification for government intervention when it comes to distributing wealth?
3. 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?
4. In Chapter 13, Friedman summarizes his examples. Which do you agree with?
5. What does Friedman believe are the effects of farm price supports?
6. Why is Friedman against fair employment laws?
7. What does Friedman assert that capitalism has done for inequalities?
8. What is Friedman's recommendation regarding an income tax?
9. What are the three forms of control discussed by Friedman in Chapter 9, Occupational Licensure?
10. What is the problem for Friedman with fair employment commission legislation?
Essay Topics
Write an essay for ONE of the following topics:
Essay Topic 1
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 2
Friedman uses two reasons to justify government intervention: the neighborhood effect and paternalism. Analyze these reasons and determine whether they are sufficient justifications for government intervention.
Essay Topic 3
What is the balance wheel theory of intervention? What is Friedman's view on it?
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This section contains 757 words (approx. 3 pages at 300 words per page) |
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