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