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