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