Capitalism and Freedom Quiz | Eight Week Quiz F

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

Capitalism and Freedom Quiz | Eight Week Quiz F

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. Forming a list of who engages in what is known as ______.
(a) Organizing.
(b) Listing.
(c) Registration.
(d) Licensing.

2. One of Friedman's claims for government involvement in education asserts that there are ______ to education.
(a) Extreme costs.
(b) Positive externalities.
(c) Minimal costs.
(d) Negative externalities.

3. What term refers to the argument for education that parents will not do best for their children?
(a) Paternalistic.
(b) Maternalistic.
(c) Employment.
(d) Sacrificial.

4. Friedman asserts that government restriction centralizes ______.
(a) Elitism.
(b) Wealth.
(c) Goods.
(d) Power.

5. What does OASI stand for?
(a) Old Age and Survivor's Insurance.
(b) Older and Simpler Issues.
(c) Optimum and Standard Issuance.
(d) Occupational Advocacy Standing Issues.

Short Answer Questions

1. What does Friedman say can government not duplicate?

2. Friedman theorizes compulsory purchase of annuities has imposed ______ costs for ______ gains.

3. What is one example of a government supported monopoly?

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

5. What is one factor that Friedman believes has reduced inequality?

(see the answer key)

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