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Name: _________________________ | Period: ___________________ |
This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 3, The Control of Money.
Multiple Choice Questions
1. According to Friedman, what is the Federal Reserve lacking?
(a) A Magna Carta of sorts.
(b) A Constitution of sorts.
(c) A Rosetta Stone of sorts.
(d) A Declaration of Independence of sorts.
2. One question Friedman asks is how we can stop government from destroying ______.
(a) Citizens.
(b) Freedom.
(c) Entertainment.
(d) Taxes.
3. Which of the following does Friedman dispute?
(a) Government should stay out of individual economic choices.
(b) A free market economic system works.
(c) The gold standard for backing money is good.
(d) The Central Bank holds too much power.
4. Friedman hypothesizes that the change from free market societies to economic controlled ones led classical liberals to worry that it would ______ political freedom.
(a) Strengthen.
(b) Bolster.
(c) Undermine.
(d) Weaken.
5. In Chapter 3, what does Friedman provide a history of?
(a) British colonialism.
(b) World War I.
(c) The Federal Reserve System.
(d) American monetary policy.
Short Answer Questions
1. Past and current definitions of liberalism are the same with respect to ______.
2. What is one way Friedman believes some people criticize markets?
3. For Friedman, where is the best place for power to be held?
4. Friedman asserts that current liberalism is tied to the state management of ______.
5. Who does Friedman state rejects the view that the government is the patron or master of the citizenry?
This section contains 270 words (approx. 1 page at 300 words per page) |
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