Free to Choose by Milton Friedman, Rose Friedman
  • 1. What is the main theme of 'Free to Choose'?
A) Central planning is more efficient than a free market.
B) Economic freedom leads to personal freedom.
C) Government regulation is essential for a fair economy.
D) Charity is the best solution to poverty.
  • 2. What does Milton Friedman argue about government intervention?
A) It provides necessary safeguards.
B) It should be expanded in all sectors.
C) It often leads to unintended negative consequences.
D) It is always beneficial for the economy.
  • 3. According to Friedman, what is the main benefit of a market economy?
A) It guarantees equal outcomes.
B) It is easily controlled by the government.
C) It eliminates competition.
D) It allows for voluntary exchange.
  • 4. What role does Friedman believe that government should play?
A) Substituting private entities in all sectors.
B) Directing all economic activities.
C) Maintaining a stable framework for the market.
D) Setting prices for goods and services.
  • 5. Friedman argues that voluntary exchange benefits:
A) Only the stronger party.
B) Neither party.
C) Government interests.
D) Both parties involved.
  • 6. According to Friedman, what is the impact of price controls?
A) They stabilize the market.
B) They lead to shortages and surpluses.
C) They always reduce inflation.
D) They benefit consumers.
  • 7. Friedman discusses scholarships in the context of which topic?
A) Restricting access to higher education.
B) Universal education funding.
C) Government control of schools.
D) Educational choice and competition.
  • 8. What is the goal of 'Free to Choose' as stated by the authors?
A) To argue for complete economic equality.
B) To propose a revolutionary government change.
C) To endorse government control of the economy.
D) To promote the principles of a free society.
  • 9. What type of policy does Friedman caution against?
A) Discretionary fiscal policies.
B) Long-term investment strategies.
C) Small government programs.
D) Public-private partnerships.
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