Capitalism and Freedom Test | Mid-Book Test - Hard

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

Capitalism and Freedom Test | Mid-Book Test - Hard

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 test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.

Short Answer Questions

1. Friedman believes that vocational and professional schools should be totally ______ run.

2. What does Friedman believe will become self-regulating?

3. What is one way Friedman believes some people criticize markets?

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

5. In Friedman's opinion, what should individuals be allowed to do?

Short Essay Questions

1. Explain "floating exchange rates."

2. What are Friedman's recommendations in order for stocks to become self-regulating?

3. What was the definition of liberalism prior to 1900?

4. What examples does Friedman give of when the Federal Reserve System mismanaged the money supply?

5. Does Friedman believe that most societies have been free or not free?

6. What does Friedman believe to be the cause of the Great Depression?

7. What is the neighborhood effect?

8. Explain the paternalistic argument that Friedman describes for government involvement in education.

9. What is meant by "paternalistic grounds"?

10. What is Friedman's definition of political freedom? Of economic freedom?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Friedman theorizes that actions taken by the government to reduce competition, restrict free choice and raise prices have a negative effect on society. Analyze the various forms of monopolies and what the government's role should be.

Essay Topic 2

Friedman discusses the role of government in education. He says that the government can require education because a democratic society cannot exist without a literate and informed population. Focusing on compulsory education, analyze the role of government in education.

Essay Topic 3

According to the author, government does have a role in a free society. Analyze Friedman's view of the appropriate role of government.

(see the answer keys)

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