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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. According to Friedman, what is one major cost of the extension of governmental welfare activities?
(a) Decline in private charitable activities.
(b) Increased regulation of private organizations.
(c) Lower productivity of labor.
(d) Higher taxes with low results.

2. If forced to choose between segregation or integration, which would Friedman choose?
(a) Integration.
(b) Segregation.
(c) A combination.
(d) Neither.

3. Friedman believes that the goddess of chance is ______.
(a) Deaf.
(b) Skilled.
(c) Dead.
(d) Blind.

4. According to Friedman, who benefits from licensure?
(a) Licensed practitioners.
(b) Aspirants.
(c) Customers.
(d) Clients.

5. What has been more potent for progress than the visible hand for retrogression according to Friedman?
(a) Transparent hand.
(b) Invisible hand.
(c) None of the answers is correct.
(d) Hidden hand.

Short Answer Questions

1. What problem did Dicey write about in 1914?

2. Friedman gives the following examples of the negative effects of government intervention except ______.

3. Friedman suggests that employees may prefer to have part of their remuneration take the form of amenities such as what?

4. One threat Friedman believes to the preservation and expansion of freedom is ______.

5. What two professions does Friedman compare to support his claim on the harm it does when people are unable to find mutually acceptable contracts?

Short Essay Questions

1. What example does Friedman use to illustrate his point about direct cash payments to those below a certain income level?

2. According to Friedman, is there any justification for government intervention when it comes to distributing wealth?

3. What recommendations would Friedman give to a president about an economic downturn?

4. What is occupational licensure?

5. According to Friedman, can a liberal be an egalitarian?

6. What are two problems with monopolies for the liberal?

7. Friedman accepts the reasoning that justifies "governmental action to alleviate poverty" (p. 191). What two issues must be addressed in order for this to happen?

8. What is the problem for Friedman with fair employment commission legislation?

9. What does Friedman assert that capitalism has done for inequalities?

10. Why is Friedman against fair employment laws?

(see the answer keys)

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