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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 a necessary condition for political freedom?
(a) Governmental regulation.
(b) Fair trade.
(c) Competitive capitalism.
(d) A high gross domestic product.
2. According to Friedman, what is liberty's greatest enemy?
(a) Elected leaders.
(b) The educational system.
(c) The Federal government.
(d) Concentration of power.
3. Friedman asserts that government is needed for the ______.
(a) "Rules of the system."
(b) "Rules of the road."
(c) "Rules of the game."
(d) "Rules of the citizens."
4. What term refers to the Federal Reserve's ability to produce more money than is deposited?
(a) Fractional reserve banking.
(b) Reserve ability production.
(c) Percent fulfillment banking.
(d) Overdraft protection.
5. For Friedman, what is an all-embracing ethic?
(a) Freedom.
(b) Education.
(c) Government.
(d) Religion.
Short Answer Questions
1. Friedman defines a country as a collection of ______.
2. Friedman believes that free markets are not sufficient for political freedom since many countries demonstrate the possibility of ______.
3. In Friedman's analysis, what century is the historical exception to most men living in tyranny, servitude, and misery?
4. Friedman states that government should be ______.
5. Friedman believes that economic control can lead to infringements on ______.
This section contains 189 words (approx. 1 page at 300 words per page) |
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