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