View a FREE sample

This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.

Short Answer Questions

1. Most of the funding for public education is provided by the:

2. Most of the ICC staff came from the:

3. The school voucher program would give the parents:

4. Friedman favors:

5. At the time the book was written, how many workers belonged to unions?

Short Essay Questions

1. What is the cure for inflation?

2. What are the two big issues faced in new drug approval?

3. Why do increases in the minimum wage result in unemployment?

4. Do all workers benefit from unions?

5. What have parents been complaining of in recent years regarding public education?

6. Who led the effort for public education?

7. What are Friedman's views regarding big government?

8. What does Friedman feel has been more damaging that government spending in terms of government controls?

9. What does inflation mean for governments or people who are in debit?

10. What are the political realities of a democratic system, according to Friedman?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Why does an economy need money? What items have functioned as money over the course of history? What characteristics does an item need to function as money?

Essay Topic 2

What is inflation? What are the causes of inflation? What are the cures for inflation? Distinguish between the causes of inflation and the side effects of the cure for inflation.

Essay Topic 3

What is the significance of free international trade? Why is free trade said to be best? How do nations benefit from free trade? What is the Principle of Comparative Advantage?

(see the answer keys)

This section contains 575 words (approx. 2 pages at 300 words per page) View a FREE sample