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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. Friedman advocates ______ income of the poor.

2. In Chapter 12, The Alleviation of Poverty, what two things does Friedman say a person cannot be at the same time?

3. To what does Friedman equate competition?

4. Friedman suggests that employees may prefer to have part of their remuneration take the form of amenities such as what?

5. According to Friedman, what are licenses restrictions on?

Short Essay Questions

1. What is the problem for Friedman with fair employment commission legislation?

2. What are the three sources of monopoly?

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

4. What are the three forms of control discussed by Friedman in Chapter 9, Occupational Licensure?

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

6. What is Friedman's recommendation regarding an income tax?

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

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

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

10. Why is Friedman against fair employment laws?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

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 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 argues against licensure in general. Examine Friedman's arguments against this topic and critique his examples.

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