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The Road to Serfdom by Friedrich von Hayek
  • 1. Who is the author of 'The Road to Serfdom'?
A) Karl Marx
B) Friedrich von Hayek
C) Milton Friedman
D) John Maynard Keynes
  • 2. In which year was 'The Road to Serfdom' first published?
A) 1948
B) 1938
C) 1944
D) 1950
  • 3. Which political ideology does Hayek primarily criticize?
A) Socialism
B) Anarchism
C) Libertarianism
D) Conservatism
  • 4. What term does Hayek use to describe the economic system based on voluntary cooperation?
A) Organized economy
B) Spontaneous order
C) Planned economy
D) Centralized control
  • 5. What kind of society does Hayek believe is most conducive to freedom?
A) A society based on the rule of law
B) An authoritarian society
C) A tribal society
D) A theocratic society
  • 6. What does Hayek argue about the knowledge required for planning?
A) It can be centralized
B) It is dispersed among individuals
C) It is easily obtainable
D) It is concentrated in governments
  • 7. Hayek emphasizes the importance of which principle in society?
A) Divine right
B) Rule of law
C) Popular sovereignty
D) Might makes right
  • 8. According to Hayek, what is an inevitable result of economic planning?
A) Loss of freedom
B) Job creation
C) Increased wealth
D) Enhanced social services
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