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

2. Which type of monopoly does Friedman believe is least bad?

3. In 1961, how much did the government spend on direct welfare payments and programs?

4. According to Friedman, Social security measures were enacted to make receipt of assistance a matter of ______.

5. What one argument for OASI can be justified for Friedman?

Short Essay Questions

1. What recommendations would Friedman give to a president about an economic downturn?

2. What is occupational licensure?

3. Do you think doctors should be required to obtain a license?

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

5. According to Friedman, do monopolies have any sort of "social responsibility"?

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

7. What does Friedman believe are the effects of farm price supports?

8. What example does Friedman use to illustrate his point about direct cash payments to those below a certain income level?

9. In Chapter 13, Friedman summarizes his examples. Which do you agree with?

10. According to Friedman, can a liberal be an egalitarian?

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 disagrees with the multiplier effect, a Keynesian theory, reasoning for government spending. Analyze the multiplier effect and examine the man who propagates the theory, John Maynard Keynes.

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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