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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 7, Capitalism and Discrimination.

Multiple Choice Questions

1. According to Friedman, it can be argued that private schools ______ class distinctions, and therefore need government intervention.
(a) Exacerbate.
(b) Maintain.
(c) Increase.
(d) Diminish.

2. Friedman asserts that government is needed for the ______.
(a) "Rules of the citizens."
(b) "Rules of the road."
(c) "Rules of the game."
(d) "Rules of the system."

3. Friedman would agree that racism is ______.
(a) Fixable with government intervention.
(b) Unavoidable.
(c) Expensive.
(d) Curable.

4. Friedman advocates the end of ______.
(a) Capitalism.
(b) Export quotas.
(c) Exchange rates.
(d) The free market.

5. Friedman hypothesizes that there has been a change in discrimination along with the rise of capitalism because ______.
(a) Contract arrangements replaced status as a source of wealth.
(b) There has been an increase in the population of skilled workers.
(c) Religion has argued equality on moral grounds.
(d) Greed has overtaken all ethical values.

Short Answer Questions

1. A major point for Friedman is that politics and economics are not ______.

2. Which type of education does Friedman not advocate the government paying for?

3. What does Friedman believe needs protection in order for the freedom of the market to arise?

4. According to Friedman, whom does free trade benefit?

5. In Friedman's time, what was illegal to buy or sell?

(see the answer key)

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