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