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