Capitalism and Freedom Quiz | Four Week Quiz B

This set of Lesson Plans consists of approximately 110 pages of tests, essay questions, lessons, and other teaching materials.

Capitalism and Freedom Quiz | Four Week Quiz B

This set of Lesson Plans consists of approximately 110 pages of tests, essay questions, lessons, and other teaching materials.
Buy the Capitalism and Freedom Lesson Plans
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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 11, Social Welfare Measures.

Multiple Choice Questions

1. According to Friedman, what is the Federal Reserve lacking?
(a) A Rosetta Stone of sorts.
(b) A Declaration of Independence of sorts.
(c) A Constitution of sorts.
(d) A Magna Carta of sorts.

2. What does Friedman assert is an example of an appropriate task for government?
(a) Determining price.
(b) Providing for the social welfare.
(c) Regulating the job market.
(d) Defining property rights.

3. Which type of monopoly does Friedman believe is least bad?
(a) Labor monopoly.
(b) Government monopoly.
(c) Private monopoly.
(d) Government regulation.

4. What term refers to the Federal Reserve's ability to produce more money than is deposited?
(a) Reserve ability production.
(b) Fractional reserve banking.
(c) Overdraft protection.
(d) Percent fulfillment banking.

5. What is the term for making non-membership in a union a condition of employment?
(a) "Green-bird" contract.
(b) "Yellow-dog" contract.
(c) "Blue-bee" contract.
(d) Red-cat" contract.

Short Answer Questions

1. Friedman claims there is no connection between equal treatment and what?

2. Friedman's analysis of government argues that it is not ______.

3. Friedman advocates that individuals should be able to buy and sell ______.

4. Friedman believes that economic control can lead to infringements on ______.

5. Friedman asserts that government is needed for the ______.

(see the answer key)

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