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Capitalism and Freedom by Milton Friedman - Exam
  • 1. What is the primary thesis of 'Capitalism and Freedom'?
A) Government intervention is necessary for a free economy.
B) Economic freedom is essential for political freedom.
C) Freedom should be limited to economic aspects.
D) Socialism is preferable to capitalism.
  • 2. Who authored 'Capitalism and Freedom'?
A) John Maynard Keynes
B) Friedrich Hayek
C) Thomas Piketty
D) Milton Friedman
  • 3. In which year was 'Capitalism and Freedom' published?
A) 1980
B) 1956
C) 1962
D) 1974
  • 4. What is one criticism Friedman makes about government intervention?
A) It improves economic efficiency.
B) It guarantees social equality.
C) It is always based on sound economic theory.
D) It often leads to unintended consequences.
  • 5. What type of education does Friedman support?
A) Standardized public schooling.
B) Corporate-sponsored education.
C) Free education for all.
D) School vouchers.
  • 6. What economic system does Friedman endorse?
A) Socialism.
B) Mixed economy.
C) Feudalism.
D) Free-market capitalism.
  • 7. What does Friedman suggest about minimum wage laws?
A) They should be increased.
B) They can lead to higher unemployment.
C) They help maintain living standards.
D) They are beneficial for all workers.
  • 8. Friedman argues that inflation is primarily caused by:
A) Excessive money supply.
B) Low demand.
C) Increased taxes.
D) High wages.
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