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The Constitution of Liberty by Friedrich von Hayek
  • 1. What is the primary focus of 'The Constitution of Liberty'?
A) Socialism and collective ownership.
B) Economic growth through government intervention.
C) Monetary policy and inflation control.
D) The principles of individual freedom and the rule of law.
  • 2. In which year was 'The Constitution of Liberty' published?
A) 1982
B) 1973
C) 1944
D) 1960
  • 3. What does Hayek mean by 'the rule of law'?
A) A system where laws are made for certain classes only.
B) Legal framework that applies equally to all individuals.
C) A legal framework that prioritizes state power over individual rights.
D) Laws that can be changed at any time by the government.
  • 4. According to Hayek, what is a potential danger of collectivism?
A) It ensures equality for all citizens.
B) It enhances democratic processes.
C) It guarantees economic prosperity.
D) It can lead to tyranny and loss of individual freedoms.
  • 5. How does Hayek view the relationship between liberal democracy and individual freedom?
A) Liberal democracy restricts individual freedom.
B) Democracy should focus solely on majority rule.
C) Liberal democracy supports and protects individual freedom.
D) Individual freedom is irrelevant to democracy.
  • 6. Which philosophical tradition does Hayek draw upon?
A) Postmodernism.
B) Classical liberalism.
C) Utilitarianism.
D) Marxism.
  • 7. What role does competition play in Hayek's theory?
A) It creates inequality and should be controlled.
B) It is detrimental to social welfare.
C) It drives innovation and efficiency.
D) It should be replaced by cooperation.
  • 8. What type of economic system does Hayek advocate for?
A) A mixed economy with heavy regulation.
B) A free-market economy.
C) A centrally planned economy.
D) A command economy.
  • 9. What distinction does Hayek make regarding knowledge in society?
A) Knowledge should be regulated by authorities.
B) Expert knowledge is superior to local knowledge.
C) Knowledge is dispersed and cannot be centralized.
D) All knowledge can be collected and utilized by the government.
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