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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. The Food and Drug Administration performs all of the following functions but:

2. A school voucher program would:

3. What do higher union wages cause?

4. The Environmental Protection Agency was formed in:

5. Most Western nations have experienced:

Short Essay Questions

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

2. What is inflation?

3. What is the purpose of a labor union?

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

5. Explain how limiting the number of workers results in higher wages.

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

7. Who benefits the most from a school voucher program?

8. What can function as money?

9. What is the scope of the Consumer Products Safety Commission?

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

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Do workers in America need protection in the labor market? Why or why not? What kinds of laws are there that protect workers? Are you in favor of these laws?

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

Think about the topics covered in the book. Select an area that you are interested in and discuss and evaluate it. Do you agree or disagree with Friedman? Why or why not?

(see the answer keys)

This section contains 578 words (approx. 2 pages at 300 words per page) View a FREE sample