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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 9, Occupational Licensure.

Multiple Choice Questions

1. According to Friedman, it can be argued that private schools ______ class distinctions, and therefore need government intervention.
(a) Exacerbate.
(b) Increase.
(c) Diminish.
(d) Maintain.

2. According to Friedman, the market enables wide diversity, meaning power can be located in ______.
(a) Large pockets with limited interests.
(b) Small pockets of individual actors.
(c) The hands of a few.
(d) The hands of many.

3. In the market described by Friedman, exchanges between households are ______.
(a) Coerced.
(b) Voluntary.
(c) Unwilling.
(d) Obligatory.

4. In Friedman's eyes, individual activities correspond to game players as the framework of law corresponds to______.
(a) Rulers of the game.
(b) Leaders of the game.
(c) Players of the game.
(d) Finishers of the game.

5. In Friedman's analysis, what century is the historical exception to most men living in tyranny, servitude, and misery?
(a) 19th.
(b) 17th.
(c) 18th.
(d) 20th.

Short Answer Questions

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

2. Where does Friedman live?

3. What is one example Friedman uses to demonstrate his point on monopoly in industry?

4. According to Friedman, what are licenses restrictions on?

5. What does Friedman say can government not duplicate?

(see the answer key)

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