Free to Choose by Milton Friedman, Rose Friedman
  • 1. What is the main theme of 'Free to Choose'?
A) Economic freedom leads to personal freedom.
B) Central planning is more efficient than a free market.
C) Charity is the best solution to poverty.
D) Government regulation is essential for a fair economy.
  • 2. What does Milton Friedman argue about government intervention?
A) It often leads to unintended negative consequences.
B) It is always beneficial for the economy.
C) It should be expanded in all sectors.
D) It provides necessary safeguards.
  • 3. According to Friedman, what is the main benefit of a market economy?
A) It is easily controlled by the government.
B) It eliminates competition.
C) It guarantees equal outcomes.
D) It allows for voluntary exchange.
  • 4. What role does Friedman believe that government should play?
A) Directing all economic activities.
B) Substituting private entities in all sectors.
C) Setting prices for goods and services.
D) Maintaining a stable framework for the market.
  • 5. Friedman argues that voluntary exchange benefits:
A) Government interests.
B) Neither party.
C) Both parties involved.
D) Only the stronger party.
  • 6. According to Friedman, what is the impact of price controls?
A) They stabilize the market.
B) They benefit consumers.
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 endorse government control of the economy.
C) To argue for complete economic equality.
D) To promote the principles of a free society.
  • 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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