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This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.
Multiple Choice Questions
1. Who does Friedman believe is most critical of capitalism?
(a) Marxists.
(b) Socialists.
(c) Democrats.
(d) Communists.
2. What industry does Friedman use to explain his views on monopoly in labor?
(a) Steel.
(b) Auto.
(c) Manufacturing.
(d) Coal.
3. To what does Friedman equate competition?
(a) A perpendicular line.
(b) A Euclidean line.
(c) A parallel line.
(d) The Prime Meridian.
4. Friedman claims there is no connection between equal treatment and what?
(a) Equal protection.
(b) Equal opportunity.
(c) Equal shares of income.
(d) Equal rights.
5. What is one method that governments have used to alter the distribution of income?
(a) Selling bonds.
(b) Real estate law.
(c) Social welfare.
(d) Income taxation.
Short Answer Questions
1. What is one example of a government supported monopoly?
2. What term describes the deliberate setting of prices through an agreement by firms?
3. What specific social responsibility does Friedman condemn for corporations?
4. What is one example Friedman uses to demonstrate his point on monopoly in industry?
5. Three levels of control are licensing, registration, and ______.
Short Essay Questions
1. Do you agree or disagree with Friedman's flat tax proposal?
2. What are the three primary forms of monopoly?
3. According to Friedman, can a liberal be an egalitarian?
4. What does Friedman assert that capitalism has done for inequalities?
5. What is occupational licensure?
6. Why is Friedman against fair employment laws?
7. What is Friedman's recommendation regarding an income tax?
8. Where do you stand: are you on the liberal free market side or more on the government intervention side? Why?
9. What recommendations would Friedman give to a president about an economic downturn?
10. Why does Friedman reject "right to work" laws?
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This section contains 578 words (approx. 2 pages at 300 words per page) |
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