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Capitalism and Freedom by Milton Friedman - Exam
  • 1. What is the primary thesis of 'Capitalism and Freedom'?
A) Freedom should be limited to economic aspects.
B) Government intervention is necessary for a free economy.
C) Economic freedom is essential for political freedom.
D) Socialism is preferable to capitalism.
  • 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) 1956
B) 1974
C) 1962
D) 1980
  • 4. Friedman argues that inflation is primarily caused by:
A) High wages.
B) Excessive money supply.
C) Increased taxes.
D) Low demand.
  • 5. What economic system does Friedman endorse?
A) Feudalism.
B) Socialism.
C) Free-market capitalism.
D) Mixed economy.
  • 6. What is one criticism Friedman makes about government intervention?
A) It is always based on sound economic theory.
B) It often leads to unintended consequences.
C) It guarantees social equality.
D) It improves economic efficiency.
  • 7. What type of education does Friedman support?
A) School vouchers.
B) Corporate-sponsored education.
C) Free education for all.
D) Standardized public schooling.
  • 8. 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.
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