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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 1, The Relation between Economic Freedom and Political Freedom.

Multiple Choice Questions

1. What does Friedman believe coordinates individuals over vast distances and across all belief systems?
(a) The educational system.
(b) The geographic system.
(c) The electoral system.
(d) The price system.

2. In Friedman's mind, why is centralization attractive to many?
(a) Consolidation of power.
(b) Streamlined services.
(c) Government can promote the public interest.
(d) Better pool of resources.

3. Friedman advocates that government should not be a master, but a/an ______.
(a) Instrument.
(b) Philosophy.
(c) Slave.
(d) Mechanism.

4. Friedman believes that government that has the power to do good, also has the power to do ______.
(a) Nothing.
(b) Right.
(c) Bad.
(d) Wrong.

5. For Friedman, what is an all-embracing ethic?
(a) Freedom.
(b) Government.
(c) Education.
(d) Religion.

Short Answer Questions

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

2. For Friedman, where is the best place for power to be held?

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

4. A common misunderstanding of economic freedom, according to Friedman, is that it emphasizes ______.

5. What is the basic problem of social life for Friedman?

(see the answer key)

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