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

2. Friedman would agree that racism is ______.

3. What prefix were New Dealers commonly called?

4. To what previous restrictions on labor does Friedman compare licenses?

5. What effect has Friedman observed that minimum wage laws have had on poverty?

Short Essay Questions

1. What does Friedman say about public housing as a form of social welfare?

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

3. Do you agree or disagree with Friedman's flat tax proposal?

4. What are the three primary forms of monopoly?

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

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

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

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

9. 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?

10. What is occupational licensure?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Milton Friedman (1912--2006) was a Nobel Laureate economist, who not only made important theoretical contributions but also was deeply influential across the world in policy. He was a prominent figure in the conservative and libertarian movements of the late 20th century and promoted classical liberal ideas in his many popular works, including not only books but also videos, lectures, and magazine columns. Friedman published "Capitalism and Freedom" in 1962 and the book has sold half a million copies since. Write an informational essay on Friedman including his early life, academics, Nobel Prize, famous ideas, published works, and lasting impacts.

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 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.

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