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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. Which of the following cannot be justified by Friedman for government interventions?
(a) Roads.
(b) Free speech.
(c) Vouchers for education.
(d) Public parks.

2. In Chapter 3, what does Friedman provide a history of?
(a) World War I.
(b) The Federal Reserve System.
(c) American monetary policy.
(d) British colonialism.

3. Friedman states that government should be ______.
(a) Decentralized.
(b) Consolidated.
(c) Incorporated.
(d) Streamlined.

4. Friedman makes the distinction between education and ______.
(a) Aging.
(b) Schooling.
(c) Income.
(d) Instruction.

5. Friedman believes that free markets are not sufficient for political freedom since many countries demonstrate the possibility of ______.
(a) Laissez-faire markets.
(b) Economic freedom.
(c) Dictatorial government.
(d) Authoritarian capitalism.

Short Answer Questions

1. Where does Friedman live?

2. According to Friedman, who benefits from licensure?

3. One question Friedman asks is how we can stop government from destroying ______.

4. What effect has Friedman observed that public housing has had on juvenile delinquency?

5. Friedman's theory is that monetary exchange rates will allow trades across countries to ______ in accord with those rates.

(see the answer key)

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