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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 13, Conclusion.

Multiple Choice Questions

1. What effect has Friedman observed that public housing has had on juvenile delinquency?
(a) Increased it.
(b) Spread it out.
(c) Reduced it.
(d) Maintained it.

2. What is the key issue for Friedman with annuities?
(a) Fulfilling the demand for annuities.
(b) Distributing the profits of annuities.
(c) Government issuance of annuities.
(d) Compulsory purchase of annuities.

3. What has capitalism done for discrimination according to Friedman?
(a) Increased it.
(b) Widened.
(c) Reduced it.
(d) Abolished it.

4. Friedman asserts that government is needed for the ______.
(a) "Rules of the system."
(b) "Rules of the citizens."
(c) "Rules of the game."
(d) "Rules of the road."

5. In Chapter 10, The Distribution of Income, what was the chief characteristic of progress and development over the past century?
(a) Advances in entertainment.
(b) Advances in education.
(c) Increae in leisure time.
(d) Advances in technology.

Short Answer Questions

1. Friedman believes that government that has the power to do good, also has the power to do ______.

2. Friedman states that ______ is a generator of inequality.

3. What is one disadvantage Friedman describes of programs to alleviate poverty?

4. Friedman points out one idea that is often forgotten is that political and economic institutions have been ______.

5. What does Friedman believe is one drawback of the Federal Reserve having so much power?

(see the answer key)

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