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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. Friedman suggests that employees may prefer to have part of their remuneration take the form of amenities such as what?
(a) Housing allowance.
(b) Parking spaces.
(c) Baseball fields.
(d) Libraries.

2. In 1961, how much did the government spend on direct welfare payments and programs?
(a) $45 million.
(b) $33 billion.
(c) $30 million.
(d) $42 billion.

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

4. What was the exemption of the federal income tax when Friedman wrote "Capitalism and Freedom"?
(a) $2000.
(b) $600.
(c) $300.
(d) $1000.

5. What effect has Friedman observed that minimum wage laws have had on poverty?
(a) Increased it.
(b) Reduced it.
(c) Spread it out.
(d) Maintained it.

6. According to Friedman, what is one unknown negative effect of farm subsidies?
(a) An emphasis on educational testing.
(b) A removal of three senate seats.
(c) Increase in production of cotton.
(d) A hindrance to the pursuit of foreign policy.

7. What is one argument Friedman gives for public housing?
(a) The law of supply effect.
(b) The neighborhood effect.
(c) The paternalism effect.
(d) The law of demand effect.

8. What example does Friedman use to argue against the redistribution of wealth?
(a) Robinson Crusoe.
(b) Davey Crockett.
(c) Mark Twain.
(d) The Swiss Family Robinson.

9. What is the term for laws that forbid membership in a union a requirement for employment?
(a) Employment standards laws.
(b) Anti-union laws.
(c) Right to work laws.
(d) Fair labor laws.

10. Which of the following is not an example of social welfare?
(a) Medicare.
(b) Public housing.
(c) Occupational licensure.
(d) Minimum wage laws.

11. Which group does Friedman believe to be contradictory in their views on free speech and fair employment laws?
(a) ACLU.
(b) ACSA.
(c) FCC.
(d) NAACP.

12. Where does Friedman live?
(a) San Francisco.
(b) Chicago.
(c) New York.
(d) Philadelphia.

13. To what does Friedman equate competition?
(a) A perpendicular line.
(b) The Prime Meridian.
(c) A parallel line.
(d) A Euclidean line.

14. What example does Friedman give for one argument for registration?
(a) Alcohol registration.
(b) Tobacco registration.
(c) Sex offender registration.
(d) Firearm registration.

15. What is one disadvantage Friedman describes of programs to alleviate poverty?
(a) Authorization.
(b) Funding.
(c) Fraud.
(d) Administration.

Short Answer Questions

1. One argument Friedman theorizes for Social Security is ______.

2. Regarding certification, what does Friedman stress increases sales?

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

4. What prefix were New Dealers commonly called?

5. Who does Friedman think can abuse licensure?

(see the answer keys)

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